PerkinElmer To Acquire Perten Instruments For $266 Mln

(RTTNews) - Healthcare company PerkinElmer Inc. (PKI) Monday said it agreed to acquire Swedish Perten Instruments Group AB, a maker of food quality control instruments, for about $266 million.

The company expects the acquisition to add minimally to its adjusted earnings per share in 2014.

Jon DiVincenzo, president of Environmental Health, said the transaction will enable to further penetrate the multi-billion dollar global food testing market, including longer-term opportunities in higher growth regions such as China

Perkin plans to provide services such as detection capabilities, materials characterization and deterrent tools for chemicals, toxins and nutrients, along with analytics and data management, by bringing together Perten's platforms and its food quality calibration database.

The transfer is scheduled to close in December 2014.