Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

Thermo Electron to Reorganize

Photonics Spectra
Mar 2000
The board of directors at Thermo Electron Corp. of Waltham, Mass., has approved a one-year plan that will split the company into three independent public entities. The plan includes a divestiture of businesses with aggregate revenues of $1.2 billion. Spectra-Physics Lasers Inc. of Mountain View, Calif., in which Thermo Electron acquired a controlling stake in February 1999, will remain a public company under evaluation.

Thermo Fibertek Inc. and a new medical products business will be spun off as dividends to Thermo Electron's shareholders. Thermo Electron will focus on its measurement and detection instruments business; its current design and distribution companies will be integrated into the "new" Thermo Electron.

Thermo Electron expects to sell Thermo Cardiosystems Inc., Trex Medical Corp., Peter Brotherhood, Thermo Coleman Corp., Peek Traffic, NuTemp Inc., Thermo Trilogy and the Thermo TerraTech Inc. family of businesses.


Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x Subscribe to Photonics Spectra magazine - FREE!