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Business

Thermo Fisher Buys Canada’s Fermentas

by Michael McCoy
May 31, 2010 | A version of this story appeared in Volume 88, Issue 22
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Thermo Fisher Scientific has signed a definitive agreement to acquire Fermentas International for $260 million in cash. Based in Burlington, Ontario, Fermentas makes enzymes, reagents, and kits for molecular and cellular biology research. It employs about 500 people and had sales last year of $54 million. Thermo CEO Marc N. Casper says the combination of Fermentas, recently acquired Finnzymes, and Thermo’s new Solaris qPCR assays deepens the firm’s polymerase chain reaction market.

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