PerkinElmer,
Inc. (NYSE: PKI), a global leader focused on improving the health
and safety of people and the environment, has acquired Analytica
of Branford, Inc., a recognized pioneer and leader in mass
spectrometry (MS) and ion source technology. The acquisition is an
integral part of PerkinElmer’s strategic commitment to continue to grow
its human and environmental health portfolio. Terms of the acquisition
were not disclosed.
With the completion of this acquisition, PerkinElmer will gain
significant insight and intellectual property in the field of MS and ion
source technology.
"Mass spectrometry has proven to be an essential tool in many fields and
will continue to be of critical importance. Bringing Analytica’s
technology and team of highly innovative experts in-house will
dramatically increase our capabilities in this area,” said Richard
Begley, Ph.D., president, Analytical Sciences, PerkinElmer. "The
acquisition of Analytica will allow us to offer our customers access to
critical technologies such as time-of-flight and quadrupole mass
spectrometers and new ion sources that provide more complete information
as well as better throughput.”
Analytica’s advanced technology complements PerkinElmer’s human and
environmental health portfolio. For human health applications, mass
spectrometry provides an extremely detailed profile of medically
relevant materials in drug discovery and molecular diagnostics. This
technology is also the cornerstone of environmental detection and
analysis and industrial monitoring. Areas of applications include
environmental analysis, pharmaceutical and nutraceutical materials
analysis, forensics and food safety.
"This is a wonderful opportunity to apply our outstanding applications
and solutions to PerkinElmer’s new and broader end markets,” said Craig
Whitehouse, founder and former president of Analytica. "We look forward
to combining our resources to develop and provide applications that are
critical to people and the environment.”
PerkinElmer will integrate Analytica’s current manufacturing operations
into its Shelton, CT facility, while utilizing Analytica’s existing
Branford facility for R&D projects. Craig Whitehouse will become an
employee of PerkinElmer and oversee PerkinElmer’s MS R&D operations.
Analytica is a pioneer, leading the way with new advances in the field
of mass spectrometry. Located in Branford, Connecticut, Analytica was
founded in 1987 by Craig Whitehouse, who developed one of the first
electrospray ion sources for MS. Electrospray ionization sources
interfaced to mass spectrometers have since become widely used tools in
analytical applications. Since 1989, Analytica has been marketing its
technology for existing mass spectrometers and acting as a supplier to
other analytical instrument companies.
About PerkinElmer, Inc.
PerkinElmer, Inc. is a global leader focused on improving the health and
safety of people and the environment. The Company reported revenue of
approximately $2 billion in 2008, has around 8,500 employees serving
customers in more than 150 countries, and is a component of the S&P 500
Index. Additional information is available through www.perkinelmer.com
or 1-877-PKI-NYSE.
Factors Affecting Future Performance
This press release contains "forward-looking" statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including, but not limited to, statements relating to estimates and
projections of future earnings per share, cash flow and revenue growth
and other financial results, developments relating to our customers and
end-markets, and plans concerning business development opportunities.
Words such as "believes," "intends," "anticipates," "plans," "expects,"
"projects," "forecasts," "will" and similar expressions, and references
to guidance, are intended to identify forward-looking statements. Such
statements are based on management's current assumptions and
expectations and no assurances can be given that our assumptions or
expectations will prove to be correct. A number of important risk
factors could cause actual results to differ materially from the results
described, implied or projected in any forward-looking statements. These
factors include, without limitation: (1) markets into which we sell our
products decline or do not grow as anticipated; (2) global economic,
political and other risks; (3) our failure to introduce new products in
a timely manner; (4) our ability to execute acquisitions and license
technologies, or to successfully integrate acquired businesses and
licensed technologies into our existing business or to make them
profitable; (5) our failure to adequately protect our intellectual
property; (6) the loss of any of our licenses or licensed rights; (7)
our ability to compete effectively; (8) fluctuation in our quarterly
operating results and our ability to adjust our operations to address
unexpected changes; (9) significant disruption in third-party package
delivery and import/export services or significant increases in prices
for those services; (10) disruptions in the supply of raw materials, key
components and supplies; (11) the manufacture and sale of products may
expose us to product liability claims; (12) our failure to maintain
compliance with applicable government regulations; (13) regulatory
changes; (14) our failure to comply with health care industry
regulations; (15) economic, political and other risks associated with
foreign operations; (16) our ability to retain key personnel; (17)
significant disruption in our information technology systems or the
failure to successfully implement new systems; (18) restrictions in our
credit agreements; (19) our ability to realize the full value of our
intangible assets; (20) significant fluctuations in our stock price;
(21) dividends we pay on our stock could be reduced or eliminated in the
future; and (22) other factors which we describe under the caption "Risk
Factors" in our most recent annual report on Form 10-K and in our other
filings with the Securities and Exchange Commission. We disclaim any
intention or obligation to update any forward-looking statements as a
result of developments occurring after the date of this press release.
