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Thermo Electron Completes Jouan Acquisition

Photonics.com
Jan 2004
WALTHAM, Mass., Jan. 5 -- Scientific instrument maker Thermo Electron Corp. announced today that it has completed the acquisition of Jouan SA, of Saint Herblain, France, a supplier of equipment used by life science researchers in academic, pharmaceutical, biotech and clinical markets to prepare and preserve laboratory samples. The acquisition was completed for $137 million in cash and the assumption of approximately $8.8 million of consolidated net debt, subject to a post-closing balance sheet adjustment.

For more information, visit: www.thermo.com



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