Thermo Fisher Scientific has announced that the acquisition of Carlsbad-base Life Technologies is now complete after meeting all regulatory approvals. According to a news release, the acquisition was for approximately $13.6 billion ($76.13 in cash per fully diluted common share) plus the assumption of $1.5 billion in net debt. The majority of Life Technologies will be included in a new Thermo Fisher Scientific segment named Life Sciences Solutions. Mark Stevenson, who served as chief operating officer of Life Technologies, has been named an executive vice president of Thermo Fisher Scientific and president of Life Sciences Solutions, reporting directly to Thermo Fisher President and CEO Marc N. Casper. Two small specialty diagnostics businesses within Life Technologies will become part of the Specialty Diagnostics Segment. In the news release, Casper is quoted as saying:

“We are pleased to announce that this transaction is now complete, and excited about our opportunity to create unrivaled leadership in serving research, life sciences, specialty diagnostics and applied markets,” said Marc N. Casper, president and chief executive officer of Thermo Fisher Scientific. “Our combined offering provides cutting-edge technologies, such as genomics and proteomics, to accelerate life sciences research and improve human health. And our complementary strengths in biosciences and bioprocessing will accelerate drug discovery, development and production. With the addition of Life Technologies, we are in an even stronger position to help our customers achieve their goals for innovation and productivity.”

In connection with the completion of the transaction, Life Technologies stock ceased trading on The NASDAQ Stock Market. In a letter to its customers posted on its website, Casper states:

We are very pleased to announce that Life Technologies is now part of Thermo Fisher Scientific. Together, we’ll create new opportunities for you to leverage our complementary offerings through four premier brands: Life Technologies, Thermo Scientific, Fisher Scientific and Unity Lab Services. Most important, the addition of Life Technologies strengthens our ability to fulfill our company mission: to enable our customers to make the world healthier, cleaner and safer. This exciting combination enhances our offering so we can help you achieve even higher levels of innovation to meet your goals, whether you’re in research, life sciences, healthcare or applied markets. Read the complete letter here