Thermo Fisher Scientific Inc. has acquired Advanced Scientifics, Inc. (ASI), a provider of single-use technologies for customized bioprocessing solutions, for $300 million in cash.

ASI designs, manufactures, and delivers customized single-use systems and equipment for the preparation, processing, storage and transportation of biopharmaceuticals. The company has 380 employees and operations in Pennsylvania and Mexico.

Advanced Scientifics had approximately $80 million in 2014 revenue and will be integrated into Thermo Fisher's Life Sciences Solutions Segment.

Source: Thermo Fisher