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The Boston Globe

Business

Thermo Fisher to sell three units to General Electric

$1.06b deal allows firm to complete buy of Life Technologies

Laboratory science supplier Thermo Fisher Scientific Inc. said Monday it will sell three businesses to General Electric Co.’s health care division in a $1.06 billion deal that will enable Waltham-based Thermo Fisher to complete a giant buyout of Life Technologies Corp.

GE Healthcare, based in Chalfont St. Giles, England, will buy Thermo Fisher’s cell culture, gene modulation, and magnetic beads businesses, integrating them into its own life sciences unit. The three businesses rang up a combined $250 billion in sales last year.

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