Thermo Fisher acquires bioproduction system developer
- Published: Feb 16, 2017
- Source: Thermo Fisher Scientific
- Suppliers: Thermo Fisher Scientific
- Channels: Sample Preparation / Gas Chromatography / Detectors / Proteomics & Genomics / Electrophoresis / Laboratory Informatics / Ion Chromatography / HPLC / Atomic / NMR Knowledge Base / Base Peak / X-ray Spectrometry / Infrared Spectroscopy / MRI Spectroscopy / Proteomics / Raman / Chemometrics & Informatics / UV/Vis Spectroscopy
Based in Santa Clara, California, Finesse Solutions is a leader in bioprocess management technology, generating approximately $50 million in revenue in 2016. Its proprietary Smart technology, which consists of sensors, controllers and software, is designed to optimize the bioproduction workflow. The business will be integrated into Thermo Fisher’s Life Sciences Solutions Segment. Terms of the transaction were not disclosed.
“Finesse Solutions has been a technology partner since 2013, and we are pleased to add their complementary capabilities to our leading bioproduction offering,” said Marc Casper, president and chief executive officer of Thermo Fisher Scientific. “Finesse Solutions has developed a universal control system that will combine seamlessly with our existing single-use technologies to strengthen our position in the high-growth bioproduction market.”
“We are excited to join Thermo Fisher Scientific, and look forward to leveraging the company’s strength and reach to accelerate the development and commercialization of our Smart technology platform,” added Barbara Paldus, CEO and co-founder of Finesse Solutions.