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PerkinElmer Solidifies OUS Presence With $1.3bn EUROIMMUN Buy

 
• By Tina Tan

In a bid to further grow its presence outside the US, especially in China and the emerging markets, PerkinElmer has inked a $1.3bn all-cash deal to buy German in vitro diagnostics multinational EUROIMMUN Medical Laboratory Diagnostics.

PerkinElmer Inc. has agreed to acquire EUROIMMUN Medical Laboratory Diagnostics AG, a German multinational specializing in autoimmune, infectious disease and allergy testing.

One key benefit for PerkinElmer from the $1.3bn all-cash deal is the Waltham, Mass., firm will significantly grow its geographic reach outside the US. Of the about $310m in revenue...

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