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April 27, 2009

Thermo Fisher Buys Australian Co.

Thermo Fisher Scientific Inc. has entered into an agreement to buy Australian life science equipment company Biolab for about $120 million.

The company, which is based in Waltham and has operations in Central Massachusetts, said the acquisition will strengthen its presence in Australia and New Zealand.

Biolab, a 150-year-old company, sells analytical instruments, life science consumables and laboratory equipment.

Thermo Fisher said it expects to complete the transaction on April 30.

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