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Thermo Fisher Scientific, Inc. has signed definitive agreements to sell its Lancaster Laboratories and Athena Diagnostics businesses for a total of $940 million in cash.
February 24, 2011
By: Tim Wright
Editor-in-Chief, Contract Pharma
Thermo Fisher Scientific, Inc. has signed definitive agreements to sell its Lancaster Laboratories and Athena Diagnostics businesses for a total of $940 million in cash. Both transactions are expected to close in 2Q11. Eurofins Scientific SE will acquire Lancaster Laboratories for $200 million, subject to a post-closing adjustment. Lancaster, based in Lancaster, PA, is a contract testing lab that provides analytical services for pharmaceutical, biopharmaceutical and environmental sciences cu...
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