Press Release: Mergers: Commission approves acquisition of Phadia by Thermo Fisher

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of CB Diagnostics Holding AB, the holding company of Phadia Holding AB ("Phadia", Sweden), by Thermo Fisher Scientific Inc. (“Thermo Fisher”, US). The Commission concluded that the transaction would not raise competition concerns, because the parties are not close competitors and the merged entity would be constrained by sufficient number of third party competitors active in in vitro autoimmune diseases diagnostics.