WALTHAM, Mass., July 20 /PRNewswire-FirstCall/ -- Thermo Electron
Corporation (NYSE: TMO), the world leader in analytical instruments, today
announced it has acquired GV Instruments Limited of Manchester, UK, a
manufacturer of isotope ratio mass spectrometers (IRMS) for approximately
$21 million (11.6 million pounds), subject to a post closing adjustment.
The acquisition enables Thermo, already a leading IRMS manufacturer, to
offer additional solutions in high precision isotope ratio determination
used in earth sciences, medical and life sciences applications. In
particular, GV Instruments will add the capability of Noble Gas Isotope
Mass Spectrometry to Thermo's product offering for use in climate research,
food and flavor analysis for origin and authenticity, agriculture research,
as well as medical and life sciences research and analysis.
"By adding the complementary range of products from GV Instruments,
Thermo can now offer the most sophisticated IRMS solutions to a variety of
significant fields of earth science research such as geochemistry,
geochronology and climate research, just to name a few," said Marijn E.
Dekkers, president and chief executive officer of Thermo Electron.
"Additionally, GV Instruments' customers will have access to Thermo's
global presence and world-class customer support."
About Thermo Electron
Thermo Electron Corporation is the world leader in analytical
instruments. Our instrument solutions enable our customers to make the
world a healthier, cleaner and safer place. Thermo's Life and Laboratory
Sciences segment provides analytical instruments, scientific equipment,
services and software solutions for life science, drug discovery, clinical,
environmental and industrial laboratories. Thermo's Measurement and Control
segment is dedicated to providing analytical instruments used in a variety
of manufacturing processes and in-the-field applications, including those
associated with safety and homeland security. For more information, visit
http://www.thermo.com.
The following constitutes a "Safe Harbor" statement under the Private
Securities Litigation Reform Act of 1995: This press release contains
forward-looking statements that involve a number of risks and
uncertainties. Actual results may differ materially from those indicated by
these forward- looking statements as a result of various important factors,
including those discussed in our most recent Form 10-Q under the caption
"Risk Factors," which is on file with the Securities and Exchange
Commission and available in the "Investors" section of our website under
the heading "SEC Filings." These include risks and uncertainties relating
to: the need to develop new products and adapt to significant technological
change; implementation of strategies for improving internal growth; use and
protection of intellectual property; dependence on customers' capital
spending policies and government funding policies; realization of potential
future savings from new productivity initiatives; dependence on customers
that operate in cyclical industries; general worldwide economic conditions
and related uncertainties; the effect of changes in governmental
regulations; exposure to product liability claims in excess of insurance
coverage; implementation of our branding strategy; identification,
completion and integration of new acquisitions and potential impairment of
goodwill from previous acquisitions; retention of contingent liabilities
from businesses we sold; and the effect of exchange rate fluctuations on
international operations. While we may elect to update forward-looking
statements at some point in the future, we specifically disclaim any
obligation to do so, even if our estimates change and, therefore, you
should not rely on these forward-looking statements as representing our
views as of any date subsequent to today.
Media Contact Information: Investor Contact Information:
Lori Gorski Kenneth J. Apicerno
Phone: 781-622-1242 Phone: 781-622-1111
E-mail: lori.gorski@thermo.com E-mail: ken.apicerno@thermo.com
Website: http://www.thermo.com
SOURCE Thermo Electron Corporation
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Related links:
http://www.thermo.com
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CONTACT:
Media Contact Information: Lori Gorski,
+1-781-622-1242, lori.gorski@thermo.com, or Investor Contact
Information: Kenneth J. Apicerno, +1-781-622-1111,
ken.apicerno@thermo.com
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