Thermo buys Dynatech's diagnostic unit for $43 million:
This article was originally published in Clinica
Executive Summary
Thermo BioAnalysis is to purchase the assets of Dynatech Laboratories Worldwide, a subsidiary of Dynatech, for around $43 million in cash. Virginia-based DLW manufactures automated microtitre equipment and plastic disposables used in clinical immunodiagnostic testing. "The sale provides additional financial resources to fund our core businesses," says John Reno, president and CEO of Dynatech. Thermo BioAnalysis is a subsidiary of Thermo Instrument Systems.