Health & Fitness
Health and Fitness
Health and Fitness
Tue, February 3, 2009 PerkinElmer Expands LED Portfolio with Acquisition of Opto Technology, Inc.
WALTHAM, Mass.--([ BUSINESS WIRE ])--[ PerkinElmer, Inc. ] (NYSE: PKI), a global leader focused on improving the health and safety of people and the environment, announced the acquisition of Opto Technology, Inc., a leading supplier of light-emitting diode (LED) based lighting components and subsystems.
The acquisition of Opto Technology adds optical subsystems to [ PerkinElmer's portfolio of high brightness LED components. ]This addition builds on PerkinElmer's leadership position in providing energy efficient solid state lighting solutions to original equipment manufacturers (OEMs) serving the health, safety and security markets. PerkinElmer's LED solutions are part of PerkinElmer's Environmental Health business which is based upon helping to ensure a cleaner environment and safer and more secure surroundings.
"The addition of [ Opto Technology ] expands PerkinElmer's presence in the solid state specialty lighting marketplace and broadens the portfolio of LED subsystem capabilities that we can provide to our OEM customers," said David Nislick, president of PerkinElmer's Illumination and Detection Solutions business.
"We are excited by the opportunity to become part of PerkinElmer, combining PerkinElmer's strength in providing lighting solutions to health and environmental OEMs around the globe with Opto Technology's innovative solid state technology capabilities. A core part of our mission has been designing energy-efficient lighting systems that make the world a brighter, healthier, safer and greener place to live. We are delighted that there is such clear synergy with PerkinElmer's strategic focus," said Thomas Hegberg, president and chief executive officer, Opto Technology, Inc.
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 $1.8 billion in 2007, has approximately 9,100 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
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