In Brief: Thermo Instrument
This article was originally published in The Gray Sheet
Executive Summary
Thermo Instrument: Completes acquisition of most of the Fisions Scientific Instruments Division from Rhone-Poulenc Rorer for [pound]122 mil. (or about $186.7 mil. at current exchange rates) in cash and assumption of about [pound]23 mil. (or about $35.2 mil.) in debt. The final deal given antitrust clearance excludes "substantially all of the mass spectrometer businesses of Fisions and a high-resolution mass spectrometer/ICP product," Thermo states. The firm had inked a deal to buy all of the Scientific Instruments Division on March 1 ("The Gray Sheet" Sept. 4, 1995, p. 4). The portion of the SID business acquired represents about 80% of 1995 revenues of approximately, [pound]286 mil. (or about $437.6 mil.) and includes analytical instruments used in industrial and research labs...