Thermo Fisher Scientific Inc (NYSE:TMO), the US provider of analytical and laboratory products and services, announced the acquisition of North Carolina-based Doe & Ingalls Management LLC in a cash deal valued at about USD175m (EUR132m).
Doe & Ingalls serves life sciences and microelectronics sector players by providing them with speciality production chemicals and supply-chain services tailored to their specific needs.
Service offerings such as MOR, Smart Sourcing and Streamline are designed for the purpose of managing risk, quality and overall costs in the chemical supply chain associated with manufacturing activities.
The company has established service centres in key North American biopharmaceutical and microelectronics hubs. In 2011, Doe & Ingalls delivered revenues of about USD110m.
Thermo Fisher will integrate Doe & Ingalls into its Customer Channels business, which in turn operates within the Laboratory Products and Services Segment.
Thermo Fisher’s president and CEO Marc N. Casper said the addition of Doe & Ingalls would open up new growth opportunities as the channel capabilities of Thermo Fisher combine with the comprehensive production chemicals line of Doe & Ingalls and its related services.
The acquisition brings in products and services that will enhance value for customers by addressing their production needs. Historically, Thermo Fisher has mostly catered to the research needs of its vast customer base, Casper noted.