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Thermo Fisher Scientific, Inc. Message Board

  • blue_devs blue_devs Mar 5, 1998 11:49 AM Flag

    TMO's Strategies for Buying up companies

    I work for a medium-sized medical instrumentation company, and rumor has it that TMO is looking at us to buy us from our
    parent company (we are not publicly traded). Does anyone have any first hand experience of being bought by TMO, and if so how was
    it handled? We have a strong engineering background, and it's our impression that TMO likes to buy up these companies and free
    them up to let them create their products, while handling the financials at home base. Is this accurate? And how did TMO handle
    the transition? What benefits were gained by becoming a part of TMO? (etc.)

    Any input would be helpful. Thanks.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • tmo buying your company has mixed blessings. our company was bought several years
      ago by tmo and it was great for the major shareholders of our company that had owned the private
      stock of the company. the family made out with about 185 million. the rest of us our ok, but the benefits of
      being associated with tmo end there. another layer, no real benefit any longer in
      purchasing the co's shares at a 5% discount, other benefits have vanished because our business is not
      growing but tmo still wants the numbers. you could say our ceo is burning the house to save the furniture, or however it goes.
      annual reviews and raises - forget trying to beat inflation as nominal as it is!
      tmo doesn't know b.s. When it sees it. it only knows numbers. it doesn't know how to produce anything and grow a business.

      but cheer up if you own stock in your present company! These changes are subtle and take time.

    • I worked for a company bought by Pfizer and saw how NOT to handle a new sub.

      Now I work for a TMO sub and see how they handle it. Hands off. They want a plan, and results. If you deliver, all is well. Good support, good backing, lots of freedom. They are very generous in sharing your success through stock purchase plans, stock options, and bonus plans.

      The work force is also an indication of how good the company is. Out of 24 (or so) engineers 8 have more than ten years here. 3 or 4 of those have over 18 years.

      Go for it.

    • I work for a Thermo company aquired in 1992 and believe it was the best thing that could have happened to our company. Thermo chose one of our companies existing managers to head the organization. We focus on the bottom line, but all of the product and development decisions are made at our home office. Since the acquisition we have grown our revenue significantly and have become consistently very profitable and very stable.
      Furthermore, buying and owning Thermo stock through the employee stock purchase plan has been much more rewarding.

    • Look at the most recent publication in ValueLine on TMO (Feb. 6, 1998). It gives some insight on what TMO looks for in potential acquisitions, what criteria it uses for spin offs etc. Hope this helps some.

 
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