PerkinElmer to acquire Perten Instruments Group for $266m
PerkinElmer has entered into a definitive agreement to acquire Perten Instruments Group for $266m.
Based in Stockholm, Sweden, Perten is a supplier of advanced analytical instruments for quality control of food, grain, flour and feed. The acquisition is expected to expand PerkinElmer’s presence in the area of food testing.
“The combination of Perten’s capabilities with PerkinElmer’s portfolio of analytical instruments will enable us to further penetrate the multi-billion dollar global food testing market, including longer-term opportunities in China,” said Jon DiVincenzo, president, environmental health, PerkinElmer.
By adding Perten’s analysis platforms, along with its food quality calibration database, PerkinElmer will build upon its offerings for food safety and quality testing throughout the development and manufacturing processes.
With annual revenues of approximately $65m, Perten is expected to have a minimal impact on PerkinElmer’s 2014 non-GAAP earnings per share results. The company currently expects the transaction to be approximately $0.04 accretive to its 2015 non-GAAP EPS results, however it will formally communicate its 2015 financial guidance in January.
