Lighting The Way | August 15, 2011 Issue - Vol. 89 Issue 33 | Chemical & Engineering News
 
 
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Volume 89 Issue 33 | p. 24
Issue Date: August 15, 2011

Lighting The Way

Former PerkinElmer unit Excelitas pledges to strengthen its ties to the instrumentation industry
Department: Business
Keywords: instrumentation, light, photon detection, private equity?instrumentation, light, photon detection, private equity?instrumentation, light, photon detection, private equity

As a stand-alone company,PerkinElmer’s former lighting and detection systems business, now called Excelitas, intends to more aggressively court instrumentation makers, including its former parent, as buyers of its instrument components.

PerkinElmer sold the business last November to private equity firm Veritas Capital for $500 million so it could focus on its core business of health- and environment-oriented scientific instruments. But for Excelitas, the separation “opens up new opportunities,” says Senior Vice President . . .

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