Thermo Fisher Scientific Signs Agreement to Acquire Leading Innovator in Handheld Spectrometers, Ahura Scientific

21-Jan-2010 - USA
Thermo Fisher Scientific Inc. announced that it has signed a definitive agreement to acquire Ahura Scientific for $145 million in cash plus the potential for an earn-out payment based on the achievement of certain 2010 financial targets. Ahura Scientific's products expand Thermo Fisher's portfolio of portable analytical devices designed to provide customers with the ability to rapidly identify and authenticate a range of molecular and elemental substances in the field. Based in Wilmington, Mass., Ahura Scientific has approximately 120 employees and generated full-year revenue of approximately $45 million in 2009. "The acquisition of Ahura Scientific further enhances our position in handheld analyzers and strengthens our Thermo Scientific brand by expanding the breadth of our portfolio with complementary technologies," said Marc N. Casper, president and chief executive officer of Thermo Fisher Scientific. "It also provides the ability to leverage our commercial channel, product development expertise, and software over multiple laboratory and portable instrument platforms. This combination brings together both companies' leading technologies for portable chemical and elemental analysis, allowing us to create a powerful tool set for our customers that enables laboratory-quality analysis in the field." The transaction, which is expected to close during the first quarter of 2010, is subject to applicable regulatory approvals and a customary post-closing purchase price adjustment. Ahura Scientific will be integrated into Thermo Fisher's Analytical Technologies Segment. The company does not expect this transaction to have a material impact on its 2010 financial results.

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