Thermo Invests in Portable Technology
As with Niton (see IBO 3/31/05), Thermo should be able to grow this business through enhanced global distribution and marketing capabilities. Thermo has an established presence in the security and pharmaceutical markets, two markets in which Ahura’s products have found the greatest use (see IBO 1/31/09).
Waltham, MA 1/19/10—Thermo Fisher Scientific has signed a definitive agreement to acquire Ahura Scientific for $145 million in cash plus the potential for earn-out payments based on 2010 financial targets. Ahura Scientific provides miniaturized Raman and FT-IR spectroscopy instruments for safety, security and pharmaceutical applications. The 120-employee company had 2009 revenues of $45 million. “The acquisition of Ahura Scientific further enhances our position in handheld analyzers and strengthens our Thermo Scientific brand by expanding the breadth of our portfolio with complementary technologies,” commented Marc N. Casper, president and CEO of Thermo Fisher Scientific. Ahura Scientific will join Thermo’s Analytical Technologies segment. The transaction is expected to close during the first quarter and is not expected to have a material impact on 2010 financial results.
