Thermo Fisher Acquires Proxeon

Hits:1723   Date: 4/16/2010

NEW YORK (GenomeWeb News) – Thermo Fisher Scientific today announced that it has acquired proteomics tools firm Proxeon for an undisclosed sum.

The privately-held Danish firm makes nanoflow liquid chromatography systems, columns, ion sources, and bioinformatics software for liquid chromatography/mass spectrometry analysis in complex proteomics applications. Proxeon's primary product is its Easy-nLC nanoflow liquid chromatography system.

"By offering a high-performance solution that addresses the need for simplified operation, we can meet the increasing demand for LC/MS in proteomics applications," Thermo Fisher President and CEO Marc Casper said in a statement. "These systems can be easily integrated with our leading ion trap, hybrid and triple quadrupole mass spectrometry systems, in line with our strategy of providing comprehensive LC/MS solutions for both high-end research and routine applications."

Proxeon had 2009 revenues of around $10 million, according to Thermo Fisher. The firm, which employs approximately 40 people, will be integrated into Thermo Fisher's Analytical Technologies Segment.

Thermo Fisher said that it does not expect the purchase to have a material impact on its 2010 financial results.