Thermo Fisher Announce Early Termination of Waiting Period for Acquisition of Finesse Solutions
Thermo Fisher Scientific Inc. today announced that its pending acquisition of Finesse Solutions, Inc., a developer of scalable control automation systems and software for bioproduction, has received early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. Thermo Fisher expects to complete the acquisition in the coming days.
Based in Santa Clara, California, Finesse Solutions is a leader in bioprocess management technology, generating approximately $50 million in revenue in 2016. Its proprietary Smart™ technology, which consists of sensors, controllers and software, is designed to optimize the bioproduction workflow. The business will be integrated into Thermo Fisher’s Life Sciences Solutions Segment. Terms of the transaction were not disclosed.
“Finesse Solutions has been a technology partner since 2013, and we are pleased to add their complementary capabilities to our leading bioproduction offering,” said Marc N. Casper, president and chief executive officer of Thermo Fisher Scientific. “Finesse Solutions has developed a universal control system that will combine seamlessly with our existing single-use technologies to strengthen our position in the high-growth bioproduction market.”
“We are excited to join Thermo Fisher Scientific, and look forward to leveraging the company’s strength and reach to accelerate the development and commercialization of our Smart technology platform,” added Dr. Barbara Paldus, CEO and co-founder of Finesse Solutions.
This article has been republished from materials provided by Thermo Fisher. Note: material may have been edited for length and content. For further information, please contact the cited source.
Macrophage's Role in Maintaining Tattoos Could Hold Key to RemovalNews
Researchers have discovered that, though a tattoo may be forever, the skin cells that carry the tattoo pigment are not. Instead, the cells can pass on the pigment to new cells when they die. The study suggests ways to improve the ability of laser surgery to remove unwanted tattoos.READ MORE
Chemical Topology of Silica Influences its EffectivenessNews
Researchers find that the chemical topology of silica can influence the effectiveness of many chemical processes that use it. Silica is a versatile material used in myriad industrial processes, from catalysis and filtration, to chromatography and nanofabrication.READ MORE
'Royal' Pheromone Identified in TermitesNews
Researchers have for the first time identified a specific chemical used by the higher termite castes – the queens and the kings – to communicate their royal status with worker termites. The findings could advance knowledge of termite evolution, behavior and control.READ MORE