Thermo Fisher Scientific Strengthens Presence in India
WALTHAM, Mass. (June 2, 2008) - Thermo Fisher Scientific Inc., the world leader in serving science, today announced it has acquired the Analytical Technologies and Environment Instrumentation divisions of Chemito Technologies Pvt. Ltd. Headquartered in Mumbai, India, Chemito is the country's largest local supplier of analytical instruments for life sciences and environmental monitoring applications. In addition, Chemito manufactures its own analytical instruments, including gas chromatography, atomic absorption and UV-Vis spectroscopy.
"The strong reputation Chemito has developed through its extensive sales network, now complemented by Thermo Fisher's breadth of scientific and environmental instrumentation, extends the services we can provide to our customers throughout India," said Marijn E. Dekkers, president and chief executive officer of Thermo Fisher Scientific. "In addition, Chemito gives us manufacturing capabilities in India for analytical instrumentation, which, combined with our overall product portfolio, will allow us to create tailored workflow solutions for our customers in the region."
Chemito's Analytical Technologies and Environment Instrumentation divisions have annual revenues of approximately $10 million, and will be integrated into Thermo Fisher's Analytical Technologies Segment.
Thermo Fisher Scientific has made significant investments over the past few years to meet growing demand in India, most recently breaking ground on a facility to support its biopharma logistics services for clinical trials management. In 2007, Thermo Fisher acquired Qualigens Fine Chemicals, India's largest laboratory chemicals manufacturer and supplier, serving customers in a variety of industries, including pharmaceutical, petrochemical, and food and beverage. Thermo Fisher also has a state-of-the-art customer demonstration laboratory in Mumbai that offers customers hands-on experience with its range of laboratory solutions.
About Thermo Fisher Scientific
Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science, enabling our customers to make the world healthier, cleaner and safer. With annual revenues of $10 billion, we have more than 30,000 employees and serve over 350,000 customers within pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions and government agencies, as well as environmental and industrial process control settings. Serving customers through two premier brands, Thermo Scientific and Fisher Scientific, we help solve analytical challenges from routine testing to complex research and discovery. Thermo Scientific offers customers a complete range of high-end analytical instruments as well as laboratory equipment, software, services, consumables and reagents to enable integrated laboratory workflow solutions. Fisher Scientific provides a complete portfolio of laboratory equipment, chemicals, supplies and services used in healthcare, scientific research, safety and education. Together, we offer the most convenient purchasing options to customers and continuously advance our technologies to accelerate the pace of scientific discovery, enhance value for customers and fuel growth for shareholders and employees alike. Visit www.thermofisher.com.
