Thermo Electron

Thermo Electron Corporation (NYSE: TMO) (incorporated 1956) was a major provider of analytical instruments and services for a variety of domains. It was founded in 1956 by George N. Hatsopoulos, an MIT PhD in mechanical engineering. Initial funding was provided by Peter M. Nomikos, a Harvard Business School graduate.[1]

Thermo Electron Corporation

Founded	1956
Founder	George N. Hatsopoulos
Defunct	2006
Fate	Merged with Fisher Scientific
Successor	Thermo Fisher Scientific
Headquarters	Waltham, Massachusetts
Products	Analytical and scientific products and services
Number of employees	37,000

Arvin Smith and George Hatsopoulos receive the 2011 Pittcon Heritage Award from Tom Tritton of the Chemical Heritage Foundation

After graduating from Northeastern University in 1959 John Hatsopoulos[2] (brother of George) later joined the company as Financial Controller. Arvin Smith joined the company in 1970, and was President from January 1998.[3]

On May 14, 2006, Thermo and Fisher Scientific announced that they would merge in a tax-free, stock-for-stock exchange. The merged company became Thermo Fisher Scientific. On November 9, 2006, the companies announced that the merger had been completed.[4] However, the Federal Trade Commission ruled that this acquisition was anticompetitive with regard to centrifugal evaporators, requiring Fisher to divest Genevac.[5] In April 2007, Genevac was sold to Riverlake Partners LLC[6] and the merger closed with FTC approval.[7]

In 2011, the aggregated company Thermo Fisher Scientific had revenues of over $11 billion, and employed 37,000 people.