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Thermo Fisher Scientific Signs Agreement to Acquire Leading Provider of Specialty In-Vitro Diagnostic Tests - B.R.A.H.M.S. AG.

Publication: Business Wire
Publication Date: 03-SEP-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
WALTHAM, Mass. -- Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, has signed a definitive agreement to acquire B.R.A.H.M.S. AG for [euro]330 million (approximately $470 million USD). B.R.A.H.M.S. is a leading provider of specialty in-vitro diagnostic tests based on its patented biomarkers for sepsis, cardiovascular and pulmonary diseases, as well as intensive care treatments and prenatal screening. The company is based outside of Berlin in Hennigsdorf, Germany, and has sales offices in Europe and the U.S. With approximately 400 employees serving customers in 65 countries around the world, B.R.A.H.M.S. generated 2008 revenues of [euro]75 million (approximately $105 million USD). The transaction is expected to be accretive to earnings per share in 2010.

B.R.A.H.M.S. is best known for its flagship product, Procalcitonin (PCT), a proprietary biomarker...

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