Thermo Fisher Scientific Inc. (NYSE:TMO) agreed to acquire Australian lab supplies provider Lomb Scientific for an undisclosed amount, in a bid to widen its footprint in Asia and the Middle East.
Taren Point, New South Wales-based Lomb employs about 100 workers and posted sales of $34 million AUD last year (about $27 million in U.S. dollars).
Thermo Fisher CEO Marc Casper said the deal is part of his company’s push into overseas markets.
The addition of Lomb Scientific reinforces our commitment to expand in growing Asia Pacific markets,” Casper said in prepared remarks. “Through this acquisition, we would significantly strengthen our laboratory product offerings in the region, particularly chemicals used in life sciences, research and industrial applications. Lomb Scientific would also expand our customer base, increasing our depth of capabilities in health sciences, such as pathology, and building on our presence in strong industrial markets, such as mining.”
Thermo Fisher said it plans to integrate Lomb into its laboratory products and services and analytical technologies segments.