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GE Completes Thermo Fisher Unit Acquisition

By Kristin Brooks | March 24, 2014

Expands Life Sciences business discovery and manufacturing services

GE has completed the acquisition of Thermo Fisher’s HyClone cell culture media and sera, and gene modulation and magnetic beads businesses. The acquisition expands GE’s technologies and services for the discovery and manufacture of new medicines, vaccines and diagnostics in its Life Sciences business.
 
Kieran Murphy, president and chief executive officer of GE Healthcare’s Life Sciences business, said, “GE Healthcare has built a world-class set of technologies for the life sciences sector, and these new businesses will strongly enhance our current offerings. As well as providing us with new tools for drug discovery and biomedical research, our customers in biopharmaceutical manufacturing will benefit straight away from an expanded range of “start-to-finish” technologies that will help them improve product yields and reduce time-to-market. Through this acquisition we immediately expand our cell culture media production capabilities in Asia, the Americas and Europe, enabling us to offer the biopharmaceutical industry greater confidence in the security of supply of a key part of their production process.”

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