Thermo Electron Acquires InnaPhase
WALTHAM, Mass., Sept. 13 -- Analytical instrument maker Thermo Electron Corp. announced today it has completed the acquisition of InnaPhase Corp., a Philadelphia-based supplier of laboratory information management systems for the pharmaceutical and biotechnology markets, for approximately $65 million in cash, subject to a post-closing adjustment. Thermo Electron said InnaPhase's products will be integrated with its informatics product line. InnaPhase has over 100 employees and expects revenues of approximately $26 million in 2004. "Bringing together the proven, innovative products and the...Read full article
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Published: September 2004