Thermo Fisher Scientific Acquires Laser-based Gas Detection Company NovaWave Technologies, Inc.
Provides Enhanced Environmental and Process Gas Monitoring Capabilities
FRANKLIN, Mass. (February 2, 2010) - Thermo Fisher Scientific Inc., the world leader in serving science, announced today that it has acquired NovaWave Technologies, Inc., a developer and manufacturer of advanced chemical sensors for environmental monitoring, industrial and safety applications. NovaWave has 18 employees based in Redwood City, California, and generated annual revenues of $4 million in 2009.
NovaWave has developed an extensive array of laser-based gas measurement systems that use laser technology to enhance sensitivity, specificity, precision and accuracy for multiple applications. The acquisition expands Thermo Fisher's leadership position in environmental monitoring, process monitoring and isotopic ratio measurements, and provides complementary technology to more accurately measure the presence of critical gases.
"The growing concern regarding climate change and the collective development of regulatory controls present a unique opportunity to showcase our leading Thermo Scientific line of environmental instruments," said Greg Herrema, president of Thermo Fisher's Analytical Instruments businesses. "The expansion of our portfolio through NovaWave's sensors for monitoring greenhouse gases is another great example of how we enable our customers to make the world cleaner."
In the United States, the Environmental Protection Agency recently mandated that facilities exceeding established greenhouse gas emission standards be required to submit annual reports. This includes utilities, oil and chemical refineries; cement, glass, pulp and paper plants; manufacturers of motor vehicles and engines; and confined animal-feeding operations. The technology acquired from NovaWave will reinforce Thermo Fisher Scientific's leading position in this rapidly developing regulatory arena.
NovaWave will be integrated into Thermo Fisher's Analytical Technologies Segment and provide enhanced measurement capabilities for environmental instruments, scientific instruments and process instruments.
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 2008 revenues of $10.5 billion, we have approximately 35,000 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.
