Thermo buys Davis Inotek

Thermo Fisher Scientific Inc., which makes scientific instruments and laboratory supplies, said today that it has acquired the instrument sales business of Davis Inotek Instruments LLC.

Thermo Fisher did not release financial terms of the agreement.

The acquired business provides test, measurement and process control instruments in various industries through catalogs and online. It will be renamed Davis Instruments. The instrument division had revenues of about $30 million last year.

Davis Instruments will become part of Thermo Fisher's Cole-Parmer catalog that sells technical products to industrial, pharmaceutical, academic and government customers. (AP)