Thermo Electron Corp. Purchases US Counseling

Thermo Electron Corporation, supplier of instruments, scientific equipment, services, and software solutions to the laboratory, announced the purchase of US Counseling Services, Inc. (USCS) for $77.9 million in cash, subject to a post-closing adjustment.

As one of the largest scientific instruments companies in the world, Thermo has historically provided maintenance and repair services to customers. In November 2003, Thermo added to this capability by acquiring LMSi, bringing instrument and computer systems validation, metrology, and certification, as well as a range of associated consulting services. Now, with the addition of USCS, Thermo has augmented its service business to provide critical asset management skills, furthering Thermo's strategy to become the most comprehensive service provider to scientific laboratories worldwide.

USCS is a leader in equipment asset management services in the pharmaceutical and healthcare industries. The company has successfully established a growing market position, providing a wide range of asset management services, including instrument and equipment maintenance management, physical inventory tracking, and cost-of-ownership analysis to help customers improve the performance of their laboratory or facility.