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StreetInsider.com - PerkinElmer (PKI) Acquires LabMetrix Technologies
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PerkinElmer (PKI) Acquires LabMetrix Technologies
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March 31, 2008 1:16 PM EDT
PerkinElmer, Inc. (NYSE: PKI) announced the acquisition of LabMetrix Technologies, the largest independent provider of metrology-based multi-vendor analytical instrument qualification solutions. The acquisition of LabMetrix adds technology, tools, proven processes and compliance expertise to PerkinElmer's growing suite of OneSource(R) laboratory services, strengthening its support of customers in a wide range of industries including pharmaceutical, medical device, food, toy and other consumer goods. The terms of the deal were not disclosed.The combination of LabMetrix's technology solutions with PerkinElmer's existing OneSource offerings will make it significantly easier for customers to demonstrate the accuracy of their analytical measurements while helping drive down the cost of compliance through automation, standardization and streamlined documentation. LabMetrix generated revenues of approximately $5 million in 2007.[SM]
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