M&A Deal Summary

Thermo Fisher Scientific Acquires PPD

On April 15, 2021, Thermo Fisher Scientific acquired life science company PPD for 17.4B USD

Acquisition Highlights
  • This is Thermo Fisher Scientific’s 19th transaction in the Life Science sector.
  • This is Thermo Fisher Scientific’s largest (disclosed) transaction.
  • This is Thermo Fisher Scientific’s 35th transaction in the United States.
  • This is Thermo Fisher Scientific’s 4th transaction in North Carolina.

M&A Deal Summary
Date 2021-04-15
Target PPD
Sector Life Science
Buyer(s) Thermo Fisher Scientific
Deal Type Add-on Acquisition
Deal Value 17.4B USD
Advisor(s) J.P. Morgan Securities (Financial)
Simpson Thacher & Bartlett (Legal)

Target

PPD

Wilmington, North Carolina, United States
PPD is a global contract research organization providing drug discovery, development, and lifecycle management services. Its clients and partners primarily include pharmaceutical and biotechnology companies, in addition to medical device companies, academic institutions, and government organizations. With offices in 44 countries and more than 11,000 professionals worldwide, PPDI applies innovative technologies, therapeutic expertise, and a commitment to quality to help clients and partners accelerate the delivery of safe and effective therapeutics and maximize the returns on their R&D investments. PPD was founded in 1985 and is based in Wilmington, North Carolina.

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Buyer(S) 1

Buyer

Thermo Fisher Scientific

Waltham, Massachusetts, United States
Category Company
Founded 1956
Sector Test/Measurement Equipment
Employees122,000
Revenue 42.9B USD (2023)
DESCRIPTION
Thermo Fisher's corporate headquarters in Waltham, Massachusetts.
Thermo Fisher's corporate headquarters in Waltham, Massachusetts.

Thermo Scientific is a provider of analytical instruments, laboratory equipment, software, services, consumables and reagents for better workflow solutions spanning sample preparation, sample analysis, and data interpretation. Thermo Fisher Scientific was founded in 1956 and is based in Waltham, Massachusetts.

DEAL STATS #
Overall 57 of 62
Sector (Life Science) 19 of 23
Type (Add-on Acquisition) 50 of 55
State (North Carolina) 4 of 4
Country (United States) 35 of 38
Year (2021) 3 of 4
Size (of disclosed) 1 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 Mesa Biotech

San Diego, California, United States

Mesa Biotech, Inc. is molecular diagnostic company develops and commercialize a PCR-based rapid point-of-care testing platform available for detecting infectious diseases including SARS-CoV-2, Influenza A and B, respiratory syncytial virus (RSV) and Strep A. Mesa Biotech is based in San Diego, California.

Buy $450M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-30 PeproTech

Cranbury, New Jersey, United States

PeproTech is a provider of bioscience reagents known as recombinant proteins, including cytokines and growth factors. Recombinant proteins are used in the development and manufacturing of cell and gene therapies as well as in broader cell culture applications, especially for use in cellular research models. PeproTech was founded in 1988 and is based in Cranbury, New Jersey.

Buy $1.9B
Mergr

Product

Company

Legal