Two Thermo Fisher Units on Block, Bloomberg Reports

1/12/11

Waltham, MA-based Thermo Fisher Scientific (NYSE:TMO), a major provider of lab instruments and services, aims to sell two of its lab test businesses in deals that could bring the firm in the neighborhood of $1 billion, Bloomberg News reported today, citing three anonymous sources. The two Thermo businesses on the block include Worcester, MA-based Athena Diagnostics and Lancaster Labs, in Lancaster, PA, people told Bloomberg. The potential sales are seen as Thermo Fisher’s strategy to de-emphasize its services business in favor of its lab instruments businesses.

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