Thermo Electron

{{Short description|Former company for analytical instruments and services}}

{{Infobox company

| name = Thermo Electron Corporation

| logo = Thermo Electron Corp logo.svg

| logo_size = 175px

| caption =

| fate = Merged with Fisher Scientific

| successor = Thermo Fisher Scientific

| founded = {{start date and age|1956}}

| founder = George N. Hatsopoulos
Peter M. Nomikos

| defunct = {{end date and age|2006|11|09}}

| location = Waltham, Massachusetts, U.S.

| products = Analytical and scientific products and services

| num_employees = 37,000

| homepage =

}}

File:PITT2011-ArvinSmith,TomTritton,GeorgeHatsopoulos.jpg and George Hatsopoulos receive the 2011 Pittcon Heritage Award from Tom Tritton of the Chemical Heritage Foundation]]

Thermo Electron Corporation (NYSE: TMO) was a major provider of analytical instruments and services for a variety of domains. It was co-founded in 1956 by George N. Hatsopoulos, an MIT PhD in mechanical engineering, and Peter M. Nomikos, a Harvard Business School graduate, who provided initial funding.{{Cite web |title=Company founding |url=http://web.mit.edu/newsoffice/founders/Thermo.html |access-date=2024-09-10}}

After graduating from Northeastern University in 1959, John Hatsopoulos{{Cite web|url=https://www.bloomberg.com/research/stocks/people/person.asp?personId=760477&privcapId=30029621|title = Stocks| website=Bloomberg News | date=6 July 2023 }} (brother of George) later joined the company as Financial Controller. Arvin Smith joined the company in 1970, and was President from January 1998.{{Cite web|url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=1122456&privcapId=29977788|title=Arvin H Smith, Glenrose Instruments Inc: Profile and Biography|website=Bloomberg News }}

On May 14, 2006, Thermo and Fisher Scientific announced that they would merge in a tax-free, stock-for-stock exchange. The merged company became Thermo Fisher Scientific. On November 9, 2006, the companies announced that the merger had been completed.[http://ir.thermofisher.com/phoenix.zhtml?c=89145&p=irol-newsArticle&ID=929319&highlight= Merger of Thermo Electron and Fisher Scientific Completed, Forming Thermo Fisher Scientific] {{Webarchive|url=https://archive.today/20120722153658/http://ir.thermofisher.com/phoenix.zhtml?c=89145&p=irol-newsArticle&ID=929319&highlight= |date=2012-07-22 }}, press release, November 9, 2006 However, the Federal Trade Commission ruled that this acquisition was anticompetitive with regard to centrifugal evaporators, requiring Fisher to divest Genevac.[http://www.ftc.gov/os/caselist/0610187/0610187dopublic.pdf Merger of Thermo and Fisher anticompetitive], FTC Ruling In April 2007, Genevac was sold to Riverlake Partners LLC3 April 2007. [http://www.riverlakepartners.com/documents/Genevac_Final_Press_Release.pdf Riverlake Partners, LLC Acquires UK-based Genevac, Ltd.] Press Release. and the merger closed with FTC approval.[http://www.ftc.gov/opa/2007/03/fyi07230.htm FTC consent to Genevac divestiture], FTC news release

In 2011, the aggregated company Thermo Fisher Scientific had revenues of over $11 billion, and employed 37,000 people.