financetom
Business
financetom
/
Business
/
Thermo Fisher Scientific Completes Sale of its Microbiology Business to Astorg
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Thermo Fisher Scientific Completes Sale of its Microbiology Business to Astorg
Aug 12, 2026 5:22 AM

WALTHAM, Mass.--(BUSINESS WIRE)--

Thermo Fisher Scientific Inc. ( TMO ) , the world leader in serving science, today announced that it has completed the sale of its microbiology business to Astorg, a leading pan-European private equity firm, for consideration of approximately $1.075 billion, consisting of cash and a $50 million seller note.

The microbiology business provides antimicrobial susceptibility testing and culture media solutions for clinical, pharmaceutical and food safety testing. The business generated $645 million in revenue in 2025 and was part of Thermo Fisher's Specialty Diagnostics segment.

About Thermo Fisher Scientific ( TMO )

Thermo Fisher Scientific Inc. ( TMO ) is the world leader in serving science, with annual revenue over $45 billion. Our Mission is to enable our customers to make the world healthier, cleaner and safer. Whether our customers are accelerating life sciences research, solving complex analytical challenges, increasing productivity in their laboratories, improving patient health through diagnostics or the development and manufacture of life-changing therapies, we are here to support them. Our global team delivers an unrivaled combination of innovative technologies, purchasing convenience and pharmaceutical services through our industry-leading brands, including Thermo Scientific, Applied Biosystems, Invitrogen, Gibco, Fisher Scientific, Unity Lab Services, Patheon and PPD. For more information, please visit www.thermofisher.com.

Source: Thermo Fisher Scientific Inc. ( TMO )

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Thermo Fisher Scientific Completes Sale of its Microbiology Business to Astorg
Thermo Fisher Scientific Completes Sale of its Microbiology Business to Astorg
Aug 12, 2026
WALTHAM, Mass.--(BUSINESS WIRE)-- Thermo Fisher Scientific Inc. ( TMO ) , the world leader in serving science, today announced that it has completed the sale of its microbiology business to Astorg, a leading pan-European private equity firm, for consideration of approximately $1.075 billion, consisting of cash and a $50 million seller note. The microbiology business provides antimicrobial susceptibility testing and...
SunScout Holding Limited Announces Pricing of US$15.5 Million Initial Public Offering
SunScout Holding Limited Announces Pricing of US$15.5 Million Initial Public Offering
Aug 12, 2026
Palmerston North, New Zealand, Aug. 12, 2026 (GLOBE NEWSWIRE) -- SunScout Holding Limited (“SunScout” or the “Company”), a clean-technology company developing and commercializing autonomous, solar-powered robotic mowers and related solar energy solutions, today announced the pricing of its initial public offering (the “Offering”) of 3,100,000 Class A ordinary shares at a public offering price of US$5.00 per ordinary share. The...
Update: Kontoor Brands Fiscal Q2 Adjusted Earnings, Revenue Rise
Update: Kontoor Brands Fiscal Q2 Adjusted Earnings, Revenue Rise
Aug 12, 2026
08:00 AM EDT, 08/12/2026 (MT Newswires) -- (Updates with information on a planned accelerated share repurchase in the eighth paragraph.) Kontoor Brands ( KTB ) reported fiscal Q2 adjusted earnings Wednesday of $1.06 per diluted share, up from $0.94 a year earlier. Analysts polled by FactSet expected $1.05. Net revenue for the quarter ended July 4 was $584.3 million, up...
Amynta Group Announces Agreement to Acquire Southern States Insurance Operations
Amynta Group Announces Agreement to Acquire Southern States Insurance Operations
Aug 12, 2026
NEW YORK, Aug. 12, 2026 /PRNewswire/ -- Amynta Group, a leading insurance services provider, announced that it has agreed to acquire Richmond, Virginia based Southern States Underwriters and SSC Insurance Agency (collectively, Southern States Underwriters), the insurance operations of Southern States Cooperative, Inc. Terms of the transaction were not disclosed. The transaction is subject to regulatory approval and is expected...
Copyright 2023-2026 - www.financetom.com All Rights Reserved