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news.Thermo Fisher Scientific is set to buy Phadia, a Sweden-based in vitro allergy and autoimmunity diagnostics provider for €2.47bn from Cinven, a European private equity firm .
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Following the acquisition, Phadia will be part of Thermo Fisher’s Specialty Diagnostics business within its Analytical Technologies Segment.
Thermo Fisher will leverage Phadia’s clinical marketing model to sell its specialty biomarker assays and other diagnostics products, while Phadia will benefit from Thermo Fisher’s healthcare market channels in the US and strong presence in emerging markets.
Thermo Fisher president and CEO Marc Casper said from a market perspective, Phadia has significant growth opportunities in the large, under-penetrated US market, and can leverage the company’s strong presence in emerging geographies to further accelerate growth.