{{Short description|Former company for analytical instruments and services}} {{Infobox company | name = Thermo Electron Corporation | logo = Thermo Electron Corp logo.svg | logo_size = 175px | caption = | fate = Merged with Fisher Scientific | successor = Thermo Fisher Scientific | founded = {{start date and age|1956}} | founder = George N. Hatsopoulos<br>Peter M. Nomikos | defunct = {{end date and age|2006|11|09}} | location = Waltham, Massachusetts, U.S. | products = Analytical and scientific products and services | num_employees = 37,000 | homepage = }}
[[File:PITT2011-ArvinSmith,TomTritton,GeorgeHatsopoulos.jpg|thumb|240px|Arvin Smith and George Hatsopoulos receive the 2011 Pittcon Heritage Award from Tom Tritton of the Chemical Heritage Foundation]] '''Thermo Electron Corporation''' (NYSE: 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, an MIT PhD in mechanical engineering, and Peter M. Nomikos, a Harvard Business School graduate, who provided initial funding.<ref>{{Cite web |title=Company founding |url=http://web.mit.edu/newsoffice/founders/Thermo.html |access-date=2024-09-10}}</ref>
After graduating from Northeastern University in 1959, John Hatsopoulos<ref>{{Cite web|url=https://www.bloomberg.com/research/stocks/people/person.asp?personId=760477&privcapId=30029621|title = Stocks| website=Bloomberg News | date=6 July 2023 }}</ref> (brother of George) later joined the company as Financial Controller. Arvin Smith joined the company in 1970, and was President from January 1998.<ref>{{Cite web|url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=1122456&privcapId=29977788|title=Arvin H Smith, Glenrose Instruments Inc: Profile and Biography|website=Bloomberg News }}</ref>
On May 14, 2006, Thermo and Fisher Scientific announced that they would merge in a tax-free, stock-for-stock exchange. The merged company became Thermo Fisher Scientific. On November 9, 2006, the companies announced that the merger had been completed.<ref>[http://ir.thermofisher.com/phoenix.zhtml?c=89145&p=irol-newsArticle&ID=929319&highlight= Merger of Thermo Electron and Fisher Scientific Completed, Forming Thermo Fisher Scientific] {{Webarchive|url=https://archive.today/20120722153658/http://ir.thermofisher.com/phoenix.zhtml?c=89145&p=irol-newsArticle&ID=929319&highlight= |date=2012-07-22 }}, press release, November 9, 2006</ref> However, the Federal Trade Commission ruled that this acquisition was anticompetitive with regard to centrifugal evaporators, requiring Fisher to divest Genevac.<ref>[http://www.ftc.gov/os/caselist/0610187/0610187dopublic.pdf Merger of Thermo and Fisher anticompetitive], FTC Ruling</ref> In April 2007, Genevac was sold to Riverlake Partners LLC<ref>3 April 2007. [http://www.riverlakepartners.com/documents/Genevac_Final_Press_Release.pdf Riverlake Partners, LLC Acquires UK-based Genevac, Ltd.] Press Release.</ref> and the merger closed with FTC approval.<ref>[http://www.ftc.gov/opa/2007/03/fyi07230.htm FTC consent to Genevac divestiture], FTC news release</ref>
In 2011, the aggregated company Thermo Fisher Scientific had revenues of over $11 billion, and employed 37,000 people.
== Products == * Zetatron, a high-voltage neutron generating vacuum tube
{{clear}} == References == {{reflist|25em}}
== External links == * [https://web.archive.org/web/20060810232620/http://www.thermo.com/com/cda/home Official website] (25 June 2006 snapshot from Internet Archive)
Category:Thermo Fisher Scientific Category:Defunct electronics companies of the United States Category:Research support companies Category:Defunct manufacturing companies based in Massachusetts Category:Electronics companies established in 1956 Category:Technology companies established in 1956 Category:Technology companies disestablished in 2006 Category:1959 establishments in Massachusetts Category:2006 disestablishments in Massachusetts Category:2006 mergers and acquisitions Category:Companies formerly listed on the New York Stock Exchange