Thermo Fisher Scientific to buy Olink in $3.1 billion deal By Reuters


© Reuters. FILE PHOTO: A company flag flies outside the offices of Thermo Fisher Scientific offices in Waltham, Massachusetts, U.S., August 2, 2023. REUTERS/Brian Snyder/File Photo

(Reuters) – Thermo Fisher Scientific (NYSE:) said on Tuesday it would acquire Olink Holding AB in a deal valued at $3.1 billion as the U.S. medical equipment maker seeks to boost its life sciences portfolio that helps in drug discovery.

Thermo Fisher said it would pay the Sweden-based provider of protein analysis products $26.00 per common share in cash.

The deal, expected to be completed by mid-2024, represents a premium of about 74% to Olink’s closing price on Monday.

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