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W. Marc Bernsau
Tuesday, January 19, 2010
Thermo Fisher acquires Ahura Scientific for $145M
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Two local intrumentation firms have announced a merger agreement today. Waltham-based Thermo Fisher Scientific Inc. has agreed to buy Ahura Scientific Inc., a Wilmington maker of analytical instruments, for $145 million in cash. The deal ties in a potential for further earn-out payments if financial targets for the year are met.
The acquisition adds Ahura’s lineup of portable chemical analytical devices — which are targeted to military and civilian first responders, as well as pharmaceutical firms and health organizations — to Thermo Fisher’s product portfolio.
As part of the buyout deal, Ahura Scientific will become part of Thermo Fisher’s Analytical Technologies Segment. Neither company alludes to layoffs as part of the acquisition, but in a news release, Ahura Scientific president and CEO Doug Kahn notes, “The entire Ahura Scientific team is excited to be joining the Thermo Fisher organization.” Ahura employs 120 workers.
Founded in 2002, Ahura is backed by Fuse Capital, Castile Ventures and ARCH Venture Partners.
Thermo Fisher (NYSE: TMO) employs about 35,000 workers and has more than 350,000 customers in pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions and government agencies, as well as environmental and industrial process control settings.
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