Reinforces Commitment to Expand Market Presence in Australia and New
Zealand
WALTHAM, Mass., Nov 30, 2010 (BUSINESS WIRE) --
Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving
science, announced today that it has signed a definitive agreement to
acquire Lomb Scientific, a well-known provider of laboratory chemicals,
consumables and instruments in Australia and New Zealand. Its customers
include leading hospitals, universities, research and analytical
laboratories in both countries, as well as a growing portion of Asia and
the Middle East. Lomb has approximately 100 employees and had full year
revenue of AUD $34 million in 2009.
"The addition of Lomb Scientific reinforces our commitment to expand in
growing Asia Pacific markets," said Marc N. Casper, president and chief
executive officer of Thermo Fisher Scientific. "Through this
acquisition, we would significantly strengthen our laboratory product
offerings in the region, particularly chemicals used in life sciences,
research and industrial applications. Lomb Scientific would also expand
our customer base, increasing our depth of capabilities in health
sciences, such as pathology, and building on our presence in strong
industrial markets, such as mining."
Lomb Scientific produces a variety of laboratory chemicals and other
consumables, and provides a comprehensive offering of instrumentation
and services through its extensive commercial network. The business will
be integrated into Thermo Fisher's Laboratory Products and Services and
Analytical Technologies segments. Completion of the transaction is
subject to applicable regulatory approvals and customary closing
conditions.
About Thermo Fisher Scientific
Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving
science. Our mission is to enable our customers to make the world
healthier, cleaner and safer. With revenues of more than $10 billion, we
have approximately 35,000 employees and serve customers within
pharmaceutical and biotech companies, hospitals and clinical diagnostic
labs, universities, research institutions and government agencies, as
well as in environmental and process control industries. We create value
for our key stakeholders through two premier brands, Thermo Scientific
and Fisher Scientific, which offer a unique combination of continuous
technology development and the most convenient purchasing options. Our
products and services help accelerate the pace of scientific discovery,
and solve analytical challenges ranging from complex research to routine
testing to field applications. Visit www.thermofisher.com.
The following constitutes a "Safe Harbor" statement under the Private
Securities Litigation Reform Act of 1995: This press release contains
forward-looking statements that involve a number of risks and
uncertainties. Important factors that could cause actual results to
differ materially from those indicated by such forward-looking
statements are set forth in the company's Quarterly Report on Form 10-Q
for the quarter ended October 2, 2010, under the caption "Risk Factors,"
which is on file with the Securities and Exchange Commission and
available in the "Investors" section of our Website under the heading
"SEC Filings." Important factors that could cause actual results to
differ materially from those indicated by forward-looking statements
include risks and uncertainties relating to: competition and its effect
on pricing, spending, third-party relationships and revenues; the need
to develop new products and adapt to significant technological change;
implementation of strategies for improving internal growth; general
worldwide economic conditions and related uncertainties; dependence on
customers' capital spending policies and government funding policies;
the effect of exchange rate fluctuations on international operations;
the effect of healthcare reform legislation; use and protection of
intellectual property; the effect of changes in governmental
regulations; the effect of laws and regulations governing government
contracts; and the effect of competing with certain of our customers and
suppliers. While we may elect to update forward-looking statements at
some point in the future, we specifically disclaim any obligation to do
so, even if our estimates change and, therefore, you should not rely on
these forward-looking statements as representing our views as of any
date subsequent to today.
SOURCE: Thermo Fisher Scientific Inc.
Thermo Fisher Scientific Inc.
Media Contact Information:
Ron O'Brien, 781-622-1242
ron.obrien@thermofisher.com
www.thermofisher.com
or
Investor Contact Information:
Ken Apicerno, 781-622-1294
ken.apicerno@thermofisher.com
