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Thermo Fisher Scientific to acquire Gatan from Roper Technologies for $925 million
July 12, 2018
Source: ASM International
Thermo Fisher Scientific Inc., Waltham, Mass., and Roper Technologies Inc., Sarasota, Fla., announce that they have entered into a definitive agreement under which Thermo Fisher will acquire Gatan Inc., a wholly owned subsidiary of Roper, for approximately $925 million in cash. Gatan manufactures instrumentation and software to improve the operation and performance of electron microscopes.
Gatan's technologies focus on microscopy workflows – from specimen preparation and manipulation to imaging and analysis. These solutions, which do not depend on the platform type, include filter systems, cameras, and proprietary software. With approximately 320 employees globally, Gatan is headquartered in Pleasanton, Calif., and has key manufacturing operations in Warrendale, Pa. The business is expected to generate approximately $150 million in revenue for full year 2018.
The transaction, which is expected to be completed by the end of 2018, is subject to customary closing conditions, including regulatory approvals. The pre-merger waiting period for the transaction under Hart-Scott-Rodino in the U.S. expired June 4, 2018. Upon completion of the transaction, Gatan will become part of Thermo Fisher's Analytical Instruments segment.
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