Thermo Fisher Scientific Purchases NanoDrop
Thermo Fisher Scientific, Incorporated has announced their acquisition (pdf) of NanoDrop Technologies. The financial terms of the deal were not shared publicly. The purchase was detailed in a press release issued by Thermo Fisher.
NanoDrop Technologies manufactures scientific instrumentation, particularly UV/UV Vis tools. The purchase will allow Thermo Fisher Scientific the opportunity to expand their presence in the market selling ultraviolet and visible spectrophotometers.
The purchase will foster growth by NanoDrop, expanding into new applications for DNA and protein analysis that use minute sample volume, as well as decrease the time required to prepare samples. These products can be created using the existing producs from NanoDrop.
NanoDrop started business in 2000, it was created by a number of former employees from the DuPont Company. It will continue operating from its current location in Delaware.
October 31, 2007 Related topics: Mergers & Acquisitions, Corporate Financials