Thermo Fisher Scientific Acquires The Binding Site Group
October 31, 2022
Thermo Fisher Scientific has entered into a definitive agreement to acquire The Binding Site Group from a shareholder group led by Nordic Capital for £2.25 billion (about $2.6 billion). The Binding Site, a Birmingham-based specialist in protein and blood-cancer diagnostics with more than 1,100 employees and ~10% annual revenue growth, will join Thermo Fisher's Specialty Diagnostics segment to expand its capabilities in cancer diagnostics and monitoring.
- Buyers
- Thermo Fisher Scientific Inc.
- Targets
- The Binding Site Group
- Sellers
- Shareholder group led by Nordic Capital
- Industry
- Medical Devices
- Location
- West Midlands, United Kingdom
- Transaction Type
- Buyout
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