Thermo Fisher boosts sequencing business with $13.6B Life Tech buy

Thermo Fisher Scientific agreed to acquire Life Technologies, a maker of laboratory equipment for the life sciences, for $13.6 billion. The acquisition, which is expected to be finalized early next year, would make Thermo Fisher a major player in the next-generation gene sequencing market. The deal also improves "all three elements of our growth strategy: technological innovation, a unique customer value proposition, and expansion in emerging markets," Thermo Fisher President and CEO Marc Casper said.

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