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Home Industry News Thermo Fisher Scientific agrees takeover of MTI-GlobalStem

Thermo Fisher Scientific agrees takeover of MTI-GlobalStem

30th November 2016

Thermo Fisher Scientific has agreed to acquire the Maryland-based life science company MTI-GlobalStem for an undisclosed fee.

The privately-held company specialises in the development and commercialisation of leading-edge technology and reagents for cell transfection, neurobiology and stem cell research applications.

It is expected that the takeover will strengthen Thermo Fisher's leadership in the field of biosciences, allowing the company to provide a wider array of advanced research products to accelerate discovery using cell models.

Following the completion of the acquisition, MTI-GlobalStem will be folded into Thermo Fisher's life sciences solutions segment.

Amy Butler, vice-president and general manager of cell biology for Thermo Fisher Scientific, said: "Their technology and expertise, combined with Thermo Fisher's global commercial reach, is a strategic fit that enables us to better serve our transfection and stem cell research customers."

Thermo Fisher Scientific is one of the largest science-based companies in the world, employing more than 50,000 people across 50 countries.

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