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THERMO INSTRUMENT TO ACQUIRE NICOLET INSTRUMENT CORPORATION

 THERMO INSTRUMENT TO ACQUIRE NICOLET INSTRUMENT CORPORATION
 WALTHAM, Mass., July 13 /PRNewswire/ -- Thermo Instrument Systems Inc. (AMEX: THI) announced today that it has offered to acquire Nicolet Instrument Corporation (NYSE: NIC) and has been informed that NicoletUs Board of Directors has accepted the offer. Under the proposed terms, Thermo Instrument would acquire Nicolet for $21 in cash for each share of Nicolet's outstanding common stock. Consummation of the proposed acquisition is subject to certain customary conditions, including the execution of a definitive acquisition agreement and receipt of regulatory approvals.
 Nicolet Instrument Corporation designs, manufactures, and markets instrumentation for a broad range of analytical chemistry, neuro-diagnostic, biomedical, and electronic engineering applications in science and industry. The company's headquarters are located in Madison, Wis. Nicolet's revenues for fiscal year 1992 were approximately $140 million.
 Thermo Instrument Systems develops, manufactures, and markets analytical instruments used to detect and monitor air pollution, radioactivity, complex chemical compounds, and toxic metals and other elements in a broad range of liquids and solids. The company also provides environmental science and engineering services, laboratory-based testing, and nuclear health physics services. Thermo Instrument Systems is a public subsidiary of Thermo Electron Corporation (NYSE: TMO).
 -0- 7/13/92 R
 /CONTACT: John N. Hatsopoulos of Thermo Electron, 617-622-1111/
 (THI TMO NIC) CO: Thermo Electron Corporation; Nicolet Instrument Corporation ST: Massachusetts IN: SU:


JL -- NE015 -- 9128 07/14/92 12:57 EDT
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Publication:PR Newswire
Date:Jul 14, 1992
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