San Diego Business Journal

EU Gives Conditional Approval for Acquisition of Life Technologies

By Steve Adamek Tuesday, November 26, 2013

The European Union gave conditional approval to the purchase of Carlsbad-based Life Technologies Corp. by Thermo Fisher Scientific Inc.

Waltham, Mass.-based Thermo Fisher will be required to sell its businesses producing and supplying media and sera for cell culture, gene silencing products and polymer-based magnetic beads as part of what EU regulators said was an effort to “preserve competition and innovation” in the life sciences industry.

The $13.6 billion deal for Life Technologies, which makes products for genetic analysis, diagnostics and mapping, was approved by Life Technologies stockholders in August and is still awaiting U.S. regulatory approval.