Thermo Electron Corporation is a world leader in high-tech instruments. The company
helps life science, laboratory, and industrial customers advance scientific knowledge,
enable drug discovery, improve manufacturing processes, and protect people and
the environment with instruments, scientific equipment, services, and software
solutions. The companys powerful technologies help researchers make discoveries
that will fight disease or prolong life. They automatically monitor and control
online production to ensure the quality and safety of raw materials as well as
the end products. And they are critical components embedded as enabling technologies
within scientific and industrial devices.
Our strategy going forward is to focus on internal growth by pursuing developments
in the markets that we serve that have potential for high growth. Our strategy
is also to continue to improve productivity, enabling us to better serve our
customers with improved products, technologies, and complete integrated systems
and services. In addition, we plan to augment that growth with strategic acquisitions
that expand the reach of our technology by either rounding out our product lines
or bringing them to new markets.
We report our business in two principal segments: Life and Laboratory Sciences,
Measurement and Control.
Competition
Life and Laboratory Sciences
Bioscience Technologies. In the markets served by this division, our principal
competitors include Eppendorf AG; Gilson, Inc.; Tecan Group Ltd.; PerkinElmer,
Inc.; Molecular Devices Corp.; Kendro Laboratory Products (a subsidiary of SPX
Corporation); and Beckman Coulter, Inc.
Scientific Instruments. In the markets served by this division, our principal
competitors include Applied Biosystems Inc.; Agilent Technologies Inc.; Waters
Corporation; Shimadzu Corporation; PerkinElmer; Bruker Daltonics Inc.; Hitachi,
Ltd.; and Varian Inc.
Informatics and Services. In the markets served by this division, our principal
competitors include PerkinElmer; Applied Biosystems; Beckman Coulter; Agilent;
and LabVantage Solutions.
Clinical Diagnostics. In the markets served by this division, our principal
competitors include Leica Microsystems; Sakura Finetechnical Co., Ltd.; Becton,
Dickinson and Company; Quidel Corporation; and Roche-Boeringher Manheim.
Measurement and Control
Process Instruments. In the markets served by this division, our principal
competitors include Mettler-Toledo International Inc.; Yokogawa Electric Corporation;
Fisher-Rosemount (a division of Emerson Electric Co., Inc.); Asea Brown Boveri
(Holding) Ltd.; Endress & Hauser; Integrated Measurement Systems, Inc.;
and Antek Instruments, Inc.
Environmental Instruments. In the markets served by this division, our principal
competitors include Danaher Corporation; Mettler-Toledo; Horiba; Fisher-Rosemount;
Teledyne Advanced Pollution Instrumentation, Inc.; RAE Systems Inc.; ISC; Canberra
Industries, Inc.; synOdys Group; GE Interlogix; and Smiths- Barringer.
Control Technologies. In the markets served by this division, our principal
competitors include SMC; Lytron Inc.; Julabo; TA Instruments; Gottfert; Brabender;
and MDC.