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Posted: June 2, 2008
Thermo Fisher Scientific Strengthens Presence in India with Acquisition of Chemito Technologies
(Nanowerk News) Thermo Fisher Scientific Inc. (NYSE: TMO) today 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.
Thermo Fisher Scientific has made significant investments over the past few years to meet growing demand in India, most recently breaking ground on a facility to support its biopharma logistics services for clinical trials management. In 2007, Thermo Fisher acquired Qualigens Fine Chemicals, India's largest laboratory chemicals manufacturer and supplier, serving customers in a variety of industries, including pharmaceutical, petrochemical, and food and beverage. Thermo Fisher also has a state-of-the-art customer demonstration laboratory in Mumbai that offers customers hands-on experience with its range of laboratory solutions.