Thermo Fisher Scientific Strengthens Presence in India with Acquisition of Chemito Technologies
News Jun 04, 2008
Thermo Fisher Scientific Inc. has announced it has acquired the Analytical Technologies and Environment Instrumentation divisions of Chemito Technologies Pvt. Ltd.
Headquartered in Mumbai, India, Chemito is the country's largest 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, and will be integrated into Thermo Fisher's Analytical Technologies Segment.
Old age is the greatest risk factor for many diseases, including Alzheimer's disease (AD) and cancer. Geroprotectors are a recently identified class of anti-aging compounds. New research has now identified a unique subclass of these compounds, dubbed geroneuroprotectors (GNPs), which are AD drug candidates and slow the aging process in mice.READ MORE