Acquisition: Thermo Fisher targets India

12 June 2008

Waltham, USA based analytical instrument specialist, Thermo Fisher Scientific has acquired certain divisions of Chemito Technologies. The purchase of analytical technologies and instrumental business divisions is a move hoped to strengthen Thermo Fisher’s presence in India.

Headquartered in Mumbai, India, Chemito is a 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 (€6.5 million), and will be integrated into Thermo Fisher's analytical technologies segment.

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