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Technology Stocks : Thermo Electron (TMO) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (407)	6/12/2002 11:59:30 PM
From: Night Writer	Respond to of 450

Pro added on 6/4 & 6/5. You got a better price today then they did. <G> I did find the following interesting. NW Thermo Electron to Acquire Saint-Gobain's Radiation-Monitoring Products Business WALTHAM, Mass., June 5 /PRNewswire-FirstCall/ -- Thermo Electron Corporation (NYSE: TMO) announced that it has signed an agreement to acquire the radiation-monitoring products business (RMP) of Saint-Gobain for $30 million in cash. With 2001 revenues of approximately $33 million, RMP is a major supplier of radiation safety, security, and industrial equipment to the U.S. market, and the leader in personal radiation monitoring in the United Kingdom. Saint-Gobain will continue to operate its scintillation crystals and detector product lines. "We have said that strategic acquisitions that build on our strengths are an important part of our growth strategy going forward," said Richard F. Syron, chairman and chief executive officer of Thermo Electron. "Clearly, the acquisition of RMP fits the bill for our Measurement and Control sector. Thermo already offers a wide range of radiation, nuclear-material detection, and radiological protection products and services to help ensure the safety of public places and people - from hand-held, mobile, and environmental monitors for first responders to complete systems suitable for use in airports and other large public venues, as well as tunnels, border crossings, and other check points. RMP's offerings complement and significantly strengthen our existing products and services - particularly in personal radiation monitoring - and its addition will establish us as a leading supplier of monitors used in the industrial, border control, and security markets in the U.S. and Europe. We look forward to integrating RMP's capabilities and talents into our Environmental Instruments division." The acquisition, which is subject to German antitrust approval as well as customary closing conditions, is expected to close by the beginning of the third quarter of 2002. Thermo Electron Corporation is a global leader in providing technology- based instruments, components, and systems that offer total solutions for markets ranging from life sciences to telecommunications to food, drug, and beverage production. The company's powerful technologies help researchers sift through data to make discoveries that will fight disease or prolong life. They allow manufacturers to fabricate critical components required to increase the speed and quality of communications. And they automatically monitor and control online production to ensure that quality standards are met safely and efficiently. Thermo Electron, based in Waltham, Massachusetts, reported $2.2 billion in revenues in 2001 and employs approximately 12,000 people worldwide. For more information on Thermo Electron, visit thermo.com.