Thermo Fisher announced that it has completed its acquisition of The Binding Site Group, a global leader in specialty diagnostics, from a shareholder group led by European private equity firm Nordic Capital, in an all-cash transaction valued at GBP 2.3B, or $2.8B at current exchange rates. Thermo Fisher announced the agreement to acquire The Binding Site on October 31, 2022. The transaction is expected to be accretive to adjusted earnings per share by 7c in 2023.
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