STOCKHOLM, SWEDEN — PerkinElmer, Inc. has agreed to acquire Perten Instruments Group AB from Valedo Partners Fund I AB, the Perten family and key staff in Perten, Perten said on Nov. 26.
Perten, under Valedo’s ownership since 2010, has doubled in size through successful investments in product development and geographical expansion, the company said.
PerkinElmer’s commitment to the food quality testing space and presence in complementary markets combined with Perten’s solid market position and leading product portfolio is an ideal match to further strengthen a leading position in this sector, the company said.
Perten, founded in 1962, develops and markets instruments, along with a food quality calibration database and ancillary services, for advanced quality control of food, grain, flour and feed. Over the last few years, Perten has achieved strong organic growth and today generates an annual turnover of more than €50 million with sales in more than 100 countries. Perten has a global leading position in several product segments which is the result of the development of ground-breaking products, several of which are now industry standards.
PerkinElmer, Inc. is a global leader focused on improving the health and safety of people and the environment. Through combining innovative detection, imaging, laboratory services, and informatics solutions with knowledge and expertise PerkinElmer supports the discovery of critical insights in diagnostics, life sciences, and environmental applications. The company reported revenue of approximately $2.2 billion in 2013, has around 7,600 employees serving customers in more than 150 countries.
“I am very proud of what Perten has achieved in the market. Since 2010 we have accelerated our efforts to develop and launch innovative products and services and we have significantly expanded our sales and service organization in both existing and new markets. Perten has appreciated working with Valedo and now welcome PerkinElmer as our new owner, who we are convinced will be able to contribute significant resources and competence to further develop and grow our business.” said Sven Holmlund, chief executive officer, Perten Instruments Group AB.
“The combination of Perten’s unique capabilities with PerkinElmer’s portfolio of innovative analytical instruments will enable us to further penetrate the multi-billion dollar global food testing market, including longer-term opportunities in higher growth regions such as China,” said Jon DiVincenzo, president, Environmental Health, PerkinElmer. “PerkinElmer will now be firmly positioned to help customers address rigorous regulations for food quality control, import/export product testing, and the need to preserve the integrity of global supply chains.”