Thermo Fisher Scientific - M&A Summary and Business Overview

Test/measurement EquipmentCompany

Thermo Fisher Scientific M&A Summary

Thermo Fisher Scientific has acquired 71 companies, including 12 in the last 5 years. A total of 25 acquisitions came from private equity firms. It has also divested 8 assets.

Thermo Fisher Scientific’s largest acquisition to date was in 2021, when it acquired Pharmaceutical Product Development for $17.4B. It’s largest disclosed sale occurred in 2019, when it sold Thermo Fisher Scientific - Anatomical Pathology Business to PHC Holdings for $1.1B. Thermo Fisher Scientific has acquired in 17 different US states, and 16 countries. The Company’s most targeted sectors include life science (37%) and test/measurement equipment (20%).

Thermo Fisher Scientific Business Overview

Where is Thermo Fisher Scientific headquartered?

Thermo Fisher Scientific is headquartered in Waltham, Massachusetts.

What is Thermo Fisher Scientific’s revenue?

Thermo Fisher Scientific disclosed revenue of 42,879M USD for 2024 and 42,857M USD for 2023.

How many employees does Thermo Fisher Scientific have?

Thermo Fisher Scientific has 122,000 employees.

What sector is Thermo Fisher Scientific in?

Thermo Fisher Scientific is a test/measurement equipment company.

When was Thermo Fisher Scientific founded?

Thermo Fisher Scientific was founded in 1956.

M&A Summary

  • M&A Total Activity71
    • M&A Buy Activity63
    • M&A Sell Activity8
  • Total Sectors Invested 12
  • Total Countries Invested 16
  • M&A Buy/Sell Connections 39
  • M&A Advisors 9

Thermo Fisher Scientific

Thermo Fisher Scientific, Inc.

168 Third Avenue,
Waltham, Massachusetts 02451
United States,
(781) 622-1000
www.thermofisher.com

Thermo Scientific provides analytical instruments, laboratory equipment, software, services, consumables and reagents for better workflow solutions spanning sample preparation, sample analysis, and data interpretation. Thermo Fisher Scientific was founded in 1956 and is based in Waltham, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (1.8/yr) # 54 4 1 3 - 1 63
vol $49.5B $20.5B $3.5B $4.0B $4.1B $81.6B
Sell (0.0/yr) # 8 - - - - - 8
vol $3.6B $3.6B
  71

Most Recent M&A

Company Date Value Type
Solventu - Purification & Filtration Business 2025-02-25 4.1B USD Divestiture
Saint Paul, Minnesota
Olink Proteomics AB 2023-10-17 3.1B USD Add-on Acquisition
Uppsala, Sweden · www.olink.com
CorEvitas LLC 2023-07-06 913M USD Add-on Acquisition
Waltham, Massachusetts · www.corevitas.com
MarqMetrix, Inc. 2023-06-21 - Add-on Acquisition
Seattle, Washington · www.marqmetrix.com
The Binding Site Group Ltd. 2022-10-31 3.5B GBP Add-on Acquisition
Birmingham, United Kingdom · www.bindingsite.com
PeproTech, Inc. 2021-12-30 1.9B USD Add-on Acquisition
Cranbury, New Jersey · www.peprotech.com
Pharmaceutical Product Development LLC 2021-04-15 17.4B USD Add-on Acquisition
Wilmington, North Carolina · www.ppd.com
Mesa Biotech, Inc. 2021-01-19 450M USD Add-on Acquisition
San Diego, California · www.mesabiotech.com
Novasep's Viral Vector Manufacturing Business 2021-01-15 817M EUR Divestiture
Seneffe, Belgium
Phitonex, Inc. 2020-12-31 - Add-on Acquisition
Durham, North Carolina · www.phitonex.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Qiagen N.V 2020-03-03 Verogen, Inc. 2023-01-09 3
Venlo, Netherlands · www.qiagen.com San Diego, California · www.verogen.com
Life Technologies Corp.    - BAC BV 2013-01-22 16
Carlsbad, California · www.lifetechnologies.com Naarden, Netherlands · www.bacbv.com
Life Technologies Corp.    - Ion Torrent Systems, Inc. 2010-08-17 15
Carlsbad, California · www.lifetechnologies.com San Francisco, California · www.iontorrent.com
Life Technologies Corp.    - AcroMetrix 2010-01-12 14
Carlsbad, California · www.lifetechnologies.com Benicia, California · www.acrometrix.com
Life Technologies Corp.    - Invitrogen Corp. 2008-11-01 13
Carlsbad, California · www.lifetechnologies.com Carlsbad, California · www.invitrogen.com
Life Technologies Corp.    - PerSeptive Biosystems, Inc. 2008-11-01 12
Carlsbad, California · www.lifetechnologies.com Framingham, Massachusetts
Life Technologies Corp.    - Applied Biosystems, Inc. 2008-11-01 11
Carlsbad, California · www.lifetechnologies.com Foster City, California · www.appliedbiosystems.com
Life Technologies Corp.    - BioSource International, Inc. 2005-10-06 10
Carlsbad, California · www.lifetechnologies.com Carlsbad, California · www.invitrogen.com

M&A by Sector

Sector Buy # Value Sell # Value
Life Science 23 (37%) 48.4B (59%) 4 (50%) 2.0B (55%)
Test/Measurement Equipment 12 (19%) 26.2B (32%) 1 (13%) 480M (13%)
Medical Products 10 (16%) 2.9B (4%) 1 (13%) 1.1B (31%)
Electronics 6 (10%) 13M (< 1%) - -
Manufacturing 2 (3%) 962M (1%) 2 (25%) 13M (< 1%)
Chemicals 2 (3%) 569M (1%) - -
Healthcare Services 2 (3%) 2.4B (3%) - -
Software 2 (3%) - - -
Distribution 1 (2%) - - -
Internet Software and Services 1 (2%) - - -
Packaging 1 (2%) 138M (< 1%) - -
Plastics 1 (2%) - - -
Total 63 $81.6B 8 $3.6B

By Geo

State/Country Buy Value Sell Value
United States 39 58.7B 6 3.6B
  Massachusetts 7 3.2B 2 1.9B
  California 6 20.6B - -
  New Jersey 5 2.0B - -
  North Carolina 4 24.6B - -
  Pennsylvania 2 - 1 200M
  New Hampshire 2 - - -
  Colorado 2 - - -
  Washington 1 - - -
  Texas 1 - - -
  Oregon 1 4.2B - -
  Ohio 1 - - -
  Minnesota 1 4.1B - -
  Maryland 1 - - -
  Delaware 1 - - -
  Connecticut 1 - - -
  Alabama 1 - - -
  Illinois - - 1 480M
Germany 4 864M - -
United Kingdom 3 3.7B 1 -
Australia 2 120M - -
Canada 2 260M - -
  Ontario 2 260M - -
Lithuania 1 - 1 -
Netherlands 2 11.5B - -
Sweden 2 5.5B - -
Belgium 1 817M - -
China 1 - - -
Denmark 1 - - -
Finland 1 59M - -
France 1 - - -
Slovakia 1 - - -
Spain 1 - - -
Switzerland 1 - - -
Domestic 39 (62%) 58.7B (72%) 6 (75%) 3.6B (100%)
Cross-border 24 (38%) 22.9B (28%) 2 (25%) -
Total 63 $81.6B 8 $3.6B

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
6
Barclays Investment Bank
4
Morgan Stanley
2
Legal Deals
Wachtell, Lipton, Rosen & Katz
6
Wilmer Cutler Pickering Hale and Dorr
3
Cravath, Swaine & Moore
2

Deal Values

buy # Total
> $1B 13 $76.1B
$100M to $1B 13 $5.4B
< $100M 2 $72M
TOTAL $81.6B
Largest Pharmaceutical Product Development LLC
$17.4B (2021-04-15)
sell # Total
> $1B 2 $2.2B
$100M to $1B 3 $1.4B
< $100M 1 $13M
TOTAL $3.6B
Largest Thermo Fisher Scientific, Inc. - Anatomical Pathology Business
$1.1B (2019-01-29)

M&A Connections

Deals
Acquired from
Investor(s)
27%
17 (27%)
Strategic(s)
13%
8 (13%)
Divested to
Investor(s)
25%
2 (25%)
Strategic(s)
63%
5 (63%)

 Subscribe to unlock this and 215,016
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

Mergr is a user-friendly database designed to simplify the complex world of private equity and M&A for busy professionals.

We created Mergr to eliminate the challenge of tracking company acquisitions, sales, and ownership, providing clear insights into investment firms and their activities. For example, explore a company's M&A activity, ownership history, and connections - organized to help you uncover opportunities and make informed decisions.

With Mergr, gain access to a comprehensive, interconnected web of transactions, investors, companies, and advisors - all in one place.

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.7K Private Equity Firms
  • 208K M&A Transactions
  • 210K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.7K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

What next?

Get Full Access

Full access to Mergr's investor, acquirer, and transaction data starts here.

Related Lists for Thermo Fisher Scientific

Test/Measurement Equipment Companies