Thermo Fisher Scientific Completes Sale

Thermo Fisher Scientific a world leader in serving science, has completed the sale of its cell culture (sera and media), gene modulation and magnetic beads businesses to GE Healthcare, a unit of General Electric Company (NYSE: GE), for $1.065 billion.

The businesses will become part of GE Healthcare’s Life Sciences division. The combined revenue of the three businesses was $250 million in 2013. Thermo Fisher committed to sell these businesses to address regulatory concerns related to its acquisition of Life Technologies Corporation, which was completed on February 3, 2014.