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February 5, 2015

Thermo Fisher Scientific Acquires Single-Use Specialist ASI for $300M

  • Thermo Fisher Scientific acquired Advanced Scientifics (ASI), which provides single-use technologies for customized bioprocessing solutions, for $300 million in cash.

    ASI designs, manufactures, and delivers customized single-use systems and equipment for the preparation, processing, storage, and transportation of biopharmaceuticals. The company has 380 employees and operations in Pennsylvania and Mexico.

    “ASI’s intense customer focus has led to the development of innovative solutions that complement our existing single-use technologies and expand our offering across the bioprocessing workflow,” said Marc Casper, president and CEO of Thermo Fisher Scientific. “We see this acquisition as a great opportunity to meet customer demand for quality and productivity in bioprocessing, and plan to leverage our global reach to bring these innovative products to a larger customer base.”

    Advanced Scientifics had approximately $80 million in 2014 revenue and will be integrated into Thermo Fisher’s Life Sciences Solutions Segment. The company expects accretion to its adjusted earnings per share from the acquisition to be immaterial.

    Last fall Thermo introduced a new single-use fermentor that reportedly matches the performance of stainless steel while eliminating clean/steam-in-place steps, reducing set-up time, and mitigating cross-contamination risk in microbial fermentation. The company said its HyPerforma single-use fermentor was the first single-use system specifically engineered for microbial fermentation and designed to scale up from the lab to GMP production. 

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