Thermo Fisher Scientific Acquires PPD, Inc.
December 8, 2021
Thermo Fisher Scientific completed the acquisition of PPD, Inc. for $17.4 billion in cash, plus the assumption of approximately $3.0–$3.5 billion of net debt. The deal brings PPD's global clinical research and laboratory services into Thermo Fisher's Laboratory Products and Services segment, expanding Thermo Fisher's capabilities in clinical development and expected to generate approximately $125 million of synergies by year three.
- Buyers
- Thermo Fisher Scientific Inc.
- Targets
- PPD, Inc.
- Industry
- Healthcare Services
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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