Mass. Movers

Thermo Fisher to pay $13.6b for Calif. firm

Life Technologies makes DNA-sequencing tests.


Life Technologies makes DNA-sequencing tests.


Thermo Fisher Scientific Inc. said it will buy a California diagnostics firm for $13.6 billion. The deal caps a string of acquisitions over the past five years for Waltham-based Thermo Fisher, a leader in supplying medical instruments and technology to labs. Thermo Fisher would pay $76 a share for Life Technologies and assume its debt. The companies said the deal, which requires regulatory approval from US and foreign governments, is expected to close early next year.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.