Fisher acquires Clintrak for $125M


HAMPTON, N.H. (AP) – Fisher Scientific International Inc., a distributor of scientific equipment and instruments, said it will acquire Clintrak Pharmaceutical Services for $125 million in cash from a group of investors, including Bear Growth Capital Partners.

Clintrak, a provider of clinical-trial printing services, had 2005 revenue of about $31 million.

The acquisition is expected to close in the second quarter, Fisher said.

Fisher also acquired TC Tech, a supplier of sterile fluid-handling bags and fluid transfer components.

Financial terms of the transaction were not disclosed.

Fisher is funding the acquisitions with cash-on-hand and bank borrowings. The company expects the acquisitions to not affect its 2006 earnings per share and to be accretive in 2007.

Shares of Fisher fell 2 cents to close at $67.23 on the New York Stock Exchange.