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Thermo Fisher (TMO) Strategic Buyouts Aid Amid Macro Issues
TMOThermo Fisher Scientific(TMO) ZACKS·2024-07-09 15:36

A few of its recent strategic acquisitions that are likely to drive future growth include its plan to acquire Olink Holdings for 26.00percommonshareincash,whichwasannouncedinOctober.TheacquisitionisexpectedtoenhanceThermoFisher′scapabilitiesinthehigh−growthproteomicsmarketwiththeadditionofhighlydifferentiatedsolutions.Throughtheacquisition,thecompanyexpectstodeliver26.00 per common share in cash, which was announced in October. The acquisition is expected to enhance Thermo Fisher's capabilities in the high-growth proteomics market with the addition of highly differentiated solutions. Through the acquisition, the company expects to deliver 125 million in adjusted operating income synergies in the fifth year, driven by revenue synergies and ...