June 12 (Reuters) - Thermo Fisher Scientific ( TMO )
plans to sell its diagnostics unit for about $4 billion in an
attempt to offload some of its low-growth assets, the Financial
Times reported on Thursday, citing people familiar with the
matter.
The contract drug manufacturer recently enlisted advisers to
explore private equity interest in part of its diagnostics
business, including its microbiology unit, which produces
infectious disease testing equipment, according to the Financial
Times.
The auction process does not guarantee a sale, the report
said, adding that Thermo Fisher may decide to retain the asset.
Thermo Fisher did not immediately respond to a Reuters'
request for comment.
In February, the company acquired Solventum's purification
and filtration business for about $4.1 billion in cash.