Brussels, 31 January 2013
Mergers: Commission approves General Electric as purchaser of Thermo Fisher's divestment businesses
The European Commission has approved today General Electric as the purchaser of Thermo Fisher's divestments businesses producing and supplying (i) media and sera for cell culture, (ii) gene silencing products, and (iii) polymer-based magnetic beads. Thermo Fisher had committed to divest these three businesses as a condition for the Commission to allow the acquisition of Life Technologies (IP/13/1167). In the parallel US investigation, the US Federal Trade Commission (FTC) has approved also today the acquisition of Life Technologies by Thermo Fisher as well as General Electric as the purchaser of the respective divestment businesses.
Given the complexity of the case and the global reach of the parties' activities, the Commission and US case-teams cooperated closely during the preparatory pre-notification phase, during the investigation and for the purposes of implementing the sale of the divestiture business to General Electric. In parallel the two authorities also worked successfully with other competition authorities such as the Australian Competition and Consumer Commission, the Competition Bureau of Canada, the Ministry of Commerce of China, the Japan Fair Trade Commission, and the Commerce Commission of New Zealand. This international cooperation contributed to compatible approaches on a global scale.