# Thermo Electron

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Former company for analytical instruments and services

Thermo Electron Corporation Founded 1956; 70 years ago (1956) Founder George N. Hatsopoulos Peter M. Nomikos Defunct November 9, 2006; 19 years ago (2006-11-09) Fate Merged with Fisher Scientific Successor Thermo Fisher Scientific Products Analytical and scientific products and services Number of employees 37,000

[Arvin Smith](https://en.wikipedia.org/w/index.php?title=Arvin_Smith&action=edit&redlink=1) and [George Hatsopoulos](/source/George_Hatsopoulos) receive the 2011 [Pittcon Heritage Award](/source/Pittcon_Heritage_Award) from [Tom Tritton](/source/Thomas_R._Tritton) of the [Chemical Heritage Foundation](/source/Chemical_Heritage_Foundation)

**Thermo Electron Corporation** ([NYSE](/source/New_York_Stock_Exchange): TMO) was a major provider of analytical instruments and services for a variety of domains. It was co-founded in 1956 by [George N. Hatsopoulos](/source/George_N._Hatsopoulos), an [MIT](/source/Massachusetts_Institute_of_Technology) PhD in [mechanical engineering](/source/Mechanical_engineering), and Peter M. Nomikos, a [Harvard Business School](/source/Harvard_Business_School) graduate, who provided initial funding.[1]

After graduating from [Northeastern University](/source/Northeastern_University) in 1959, John Hatsopoulos[2] (brother of George) later joined the company as Financial Controller. Arvin Smith joined the company in 1970, and was President from January 1998.[3]

On May 14, 2006, Thermo and [Fisher Scientific](/source/Fisher_Scientific) announced that they would [merge](/source/Mergers_and_acquisitions) in a tax-free, stock-for-stock exchange. The merged company became [Thermo Fisher Scientific](/source/Thermo_Fisher_Scientific). On November 9, 2006, the companies announced that the merger had been completed.[4] However, the [Federal Trade Commission](/source/Federal_Trade_Commission) ruled that this acquisition was anticompetitive with regard to [centrifugal evaporators](/source/Centrifugal_evaporator), requiring Fisher to divest [Genevac](/source/Genevac).[5] In April 2007, [Genevac](/source/Genevac) was sold to Riverlake Partners LLC[6] and the merger closed with FTC approval.[7]

In 2011, the aggregated company [Thermo Fisher Scientific](/source/Thermo_Fisher_Scientific) had revenues of over $11 billion, and employed 37,000 people.

## Products

- Zetatron, a high-voltage [neutron generating vacuum tube](/source/Neutron_generator#Sealed_neutron_tubes)

## References

1. **[^](#cite_ref-1)** ["Company founding"](http://web.mit.edu/newsoffice/founders/Thermo.html). Retrieved 2024-09-10.

1. **[^](#cite_ref-2)** ["Stocks"](https://www.bloomberg.com/research/stocks/people/person.asp?personId=760477&privcapId=30029621). *[Bloomberg News](/source/Bloomberg_News)*. 6 July 2023.

1. **[^](#cite_ref-3)** ["Arvin H Smith, Glenrose Instruments Inc: Profile and Biography"](https://www.bloomberg.com/research/stocks/private/person.asp?personId=1122456&privcapId=29977788). *[Bloomberg News](/source/Bloomberg_News)*.

1. **[^](#cite_ref-4)** [Merger of Thermo Electron and Fisher Scientific Completed, Forming Thermo Fisher Scientific](http://ir.thermofisher.com/phoenix.zhtml?c=89145&p=irol-newsArticle&ID=929319&highlight=) [Deprecated link](https://en.wikipedia.org/wiki/Wikipedia:Archive.today_guidance) archived 2012-07-22 at [archive.today](/source/Archive.today), press release, November 9, 2006

1. **[^](#cite_ref-5)** [Merger of Thermo and Fisher anticompetitive](https://www.ftc.gov/os/caselist/0610187/0610187dopublic.pdf), FTC Ruling

1. **[^](#cite_ref-6)** 3 April 2007. [Riverlake Partners, LLC Acquires UK-based Genevac, Ltd.](http://www.riverlakepartners.com/documents/Genevac_Final_Press_Release.pdf) Press Release.

1. **[^](#cite_ref-7)** [FTC consent to Genevac divestiture](https://www.ftc.gov/opa/2007/03/fyi07230.htm), FTC news release

## External links

- [Official website](https://web.archive.org/web/20060810232620/http://www.thermo.com/com/cda/home) (25 June 2006 snapshot from [Internet Archive](/source/Internet_Archive))

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Adapted from the Wikipedia article [Thermo Electron](https://en.wikipedia.org/wiki/Thermo_Electron) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Thermo_Electron?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.