Thermo Fisher Acquires Indian Analytical Instruments Firm

Thermo Fisher Scientific said after the close of the market on Monday that it has acquired Chemito Technologies, a Mumbai, India-based supplier of analytical instruments for life sciences and environmental monitoring applications.

Thermo Fisher said that Chemito has annual revenues of roughly $10 million and manufactures its own instruments for gas chromatography, atomic absorption, and UV-Vis spectroscopy. The Waltham, Mass.-based firm will integrate Chemito into its Analytical Technologies segment.
“The strong reputation Chemito has developed through its extensive sales network, now complemented by Thermo Fisher’s breadth of scientific and environmental instrumentation, extends the services we can provide to our customers throughout India,” Thermo Fisher President and CEO Marijn Dekkers said in a statement.
The purchase price was not disclosed.
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