Under the acquisition, Lomb Scientific will be integrated into both of Thermo Fisher Scientific’s business segments like Analytical Technologies and Laboratory Products and Services.

Reportedly, Thermo Fisher Scientific has signed a definitive agreement to acquire Lomb Scientific on 13 Dec 2010.

Thermo Fisher Scientific president and CEO Marc Casper said that the addition of Lomb Scientific reinforces their commitment to expand in growing Asia Pacific markets.

"Through the acquisition, we would significantly strengthen our laboratory product offerings in the region, particularly chemicals used in life sciences, research and industrial applications," Casper said.

"Lomb Scientific would also expand our customer base, increasing our depth of capabilities in health sciences, such as pathology, and building on our presence in strong industrial markets, such as mining."