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Thermo Completes Sale of Certain Assets to GE

Published: Monday, March 24, 2014
Last Updated: Monday, March 24, 2014
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Thermo has completed the sale of its cell culture (sera and media), gene modulation and magnetic beads businesses to GE Healthcare for $1.065 billion.

The businesses will become part of GE Healthcare’s Life Sciences division.

The combined revenue of the three businesses was $250 million in 2013. Thermo Fisher committed to sell these businesses to address regulatory concerns related to its acquisition of Life Technologies Corporation, which was completed on February 3, 2014.

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