Thermo Fisher Scientific to Acquire Clario Holdings for $8.875 Billion

October 29, 2025

Thermo Fisher Scientific has announced an agreement to buy Clario Holdings, a provider of digital endpoint data solutions for clinical trials, for $8.875 billion in cash plus up to $400 million in earnout payments. The acquisition is expected to close by mid-2026, subject to regulatory approvals, and will expand Thermo Fisher’s digital capabilities for pharma and biotech clinical research.

Buyers
Thermo Fisher Scientific
Targets
Clario Holdings
Sellers
Astorg, Nordic Capital, Novo Holdings, Cinven, a shareholder group led by Astorg, Nordic Capital, Novo Holdings, and Cinven
Location
United States
Transaction Type
Buyout

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