Thermo Fisher Completes Purchase Of Brahms AG

Stock quotes in this article: TMO  

WALTHAM (AP) — Scientific instrument maker Thermo Fisher Scientific Inc. said Thursday it completed its $470 million purchase of Brahms AG, which makes diagnostic tests for illnesses including sepsis.

Thermo Fisher Brahms reported revenue of about 75 million euros ($105 million) in 2008, and it expects the acquisition to boost its profit starting in 2010. The German company will become part of Thermo Fisher's analytical technologies business.

The deal was announced Sept. 3.

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