WALTHAM, Mass., Sept. 5, 2007 -- Thermo Fisher Scientific Inc., based in Waltham, Mass., announced today it has acquired the instrument sales business of Davis Inotek Instruments LLC. The acquired business, which will be renamed Davis Instruments, excludes its related calibration services. Terms were not disclosed.
Also, the senior vice president of Thermo Fisher Scientific Inc., which makes scientific instruments and laboratory supplies, exercised options for 45,992 shares of common stock and then sold those shares, according to a Securities and Exchange Commission filing Tuesday. Guy Broadbent reported in a Form 4 filed with the SEC that he exercised options for the shares on Friday for $19.67 apiece then sold them that day for $54.60 to $54.66 apiece. Form 4s is used to report transactions in a companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
Davis Instruments provides test, measurement and process control instruments through its catalog and e-commerce sales channels. The instrument sales business had revenues of approximately $30 million in 2006, Thermo said. Davis Instruments will become part of Thermo Fisher's Cole-Parmer customer channel, a specialty catalog brand that provides technical instruments, equipment and supplies to industrial, pharmaceutical, academic and government customers.
"Our Cole-Parmer channel is a well-known resource for the specialty instruments and consumables that our customers need for their scientific research or industrial process applications," said Marijn E. Dekkers, president and CEO of Thermo Fisher Scientific. "The addition of Davis Instruments is a perfect complement to the Cole-Parmer channel and will strengthen our ability to meet our customers' needs through a range of convenient purchasing options."
For more information, visit: www.thermofisher.com