Instrumentation and research products giant Thermo Fisher Scientific Inc. has purchased U.K.-based Raymond A. Lamb Ltd., a maker of products for pathology laboratories. The company will be integrated into Thermo Fisher’s Analytical Technologies Segment, according to officials.
Based in Eastbourne, U.K., and founded in 1964, Raymond A. Lamb focuses on systems that automate the labeling and tracking of slides and cassettes that carry patient tissue samples. The company reports a long-term relationship with the anatomical pathology business of Thermo Fisher.
While no financial details of the acquisition were released, Thermo Fisher officials said that Raymond A. Lamb had revenue of approximately $9 million in 2007.
In September, Thermo Fisher announced plans for the company to repurchase $500 million in shares of its own common stock through September 10, 2009. The company’s board of directors approved the repurchase from the stock market or in negotiations.
Raymond A. Lamb is just the latest purchase by Waltham-based Thermo Fisher, which went on a company buying spree this summer. In July, the company bought FiberLite Centrifuge Inc., a Santa Clara, Calf., provider of carbon fiber centrifuge rotors. Also that month, Thermo Fisher bought Golden, Colo.-based Affinity BioReagents Inc., a provider of life sciences research materials and Huntsville, Ala.-based Open Biosystems Inc., a provider of RNAi, gene expression and protein detection products for life sciences research and drug discovery and development. And in June, the company bought the analytical technologies and environment instrumentation divisions of Mumbai, India-based Chemito Technologies Pvt. Ltd.
With more than 30,000 workers worldwide, Thermo Fisher reported 2007 net income of $761.1 million on revenue of $9.7 billion.
Source: Mass High Tech