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Thermo Fisher Scientific to acquire Ahura Scientific in $145 million cash deal
The deal also includes a potential for an additional earn-out payment, based the “achievement of certain 2010 financial targets,” Thermo Fisher says.
Ahura Scientific specializes in the identification of chemicals for safety, security and pharmaceutical applications. The company’s Raman and FT-IR (Fourier-transform infrared) spectroscopy instruments are used by military and civilian first responders, pharmaceutical manufacturers and consumer health organizations.
Ahura’s products expand Thermo Fisher’s portfolio of portable analytical devices designed to identify and authenticate a range of molecular and elemental substances in the field, according to the companies.
The Ahura products also complement the Thermo Scientific line of portable XRF (X-ray fluorescence) elemental analyzers, designed for on-site testing of materials for such applications as metal and alloy analysis, quality assurance and control, consumer product safety and environmental analysis, the companies add.
Ahura Scientific has approximately 120 employees and generated full-year revenue of approximately $45 million in 2009. It will be integrated into Thermo Fisher’s Analytical Technologies segment.
“The acquisition of Ahura Scientific further enhances our position in handheld analyzers and strengthens our Thermo Scientific brand by expanding the breadth of our portfolio with complementary technologies,” Marc Casper, president and CEO of Thermo Fisher Scientific, said in a statement. “It also provides the ability to leverage our commercial channel, product development expertise, and software over multiple laboratory and portable instrument platforms. This combination brings together both companies’ leading technologies for portable chemical and elemental analysis, allowing us to create a powerful tool set for our customers that enables laboratory-quality analysis in the field.”
The transaction is expected to close during the first quarter of 2010.