PerkinElmer Mergers and Acquisitions Summary

Medical ProductsCompany

PerkinElmer has acquired 36 companies, including 8 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 11 assets.

PerkinElmer’s largest acquisition to date was in 2021, when it acquired BioLegend for $5.3B. It’s largest disclosed sale occurred in 2022, when it sold PerkinElmer - Applied Food and Enterprise Services businesses to New Mountain Capital for $2.5B. PerkinElmer has acquired in 9 different US states, and 9 countries. The Company’s most targeted sectors include medical products (31%) and life science (23%).

Join Mergr and gain access to PerkinElmer’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the medical products sector.

M&A Summary

  • M&A Total Activity47
    • M&A Buy Activity36
    • M&A Sell Activity11
  • Total Sectors Invested 9
  • Total Countries Invested 9
  • M&A Buy/Sell Connections 17
  • M&A Advisors 7

PerkinElmer

PerkinElmer, Inc.

940 Winter Street,
Waltham, Massachusetts 02451
United States,
(781) 663-6900
www.perkinelmer.com

PerkinElmer is a global medical device and products company. PerkinElmer's detection, imaging, informatics, and service capabilities, combined with deep market knowledge and expertise, help customers gain greater insights into their science to better protect our environment, our food supply and the health of our families. PerkinElmer was formed in 1937 and is based in Waltham, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (1.4/yr) # 29 1 1 5 - - 36
vol $2.9B $456M $6.3B $9.6B
Sell (0.2/yr) # 10 - - - 1 - 11
vol $1.2B $2.5B $3.6B
  47

Most Recent M&A

Company Date Value Type
PerkinElmer - Applied, Food and Enterprise Services businesses 2022-08-01 2.5B USD Divestiture
Waltham, Massachusetts
BioLegend, Inc. 2021-07-26 5.3B USD Add-on Acquisition
San Diego, California · www.biolegend.com
SIRION Biotech GmbH 2021-06-22 - Add-on Acquisition
Martinsried, Germany · www.sirion-biotech.com
Immunodiagnostic Systems Holdings PLC 2021-05-17 155M USD Add-on Acquisition
Boldon, United Kingdom · www.idsplc.com
Nexcelom Bioscience LLC 2021-05-12 260M USD Add-on Acquisition
Lawrence, Massachusetts · www.nexcelom.com
Oxford Immunotec Global PLC 2021-01-07 591M USD Add-on Acquisition
Abingdon, United Kingdom · www.oxfordimmunotec.com
Horizon Discovery Group PLC 2020-11-02 456M GBP Add-on Acquisition
Cambridge, United Kingdom · www.horizondiscovery.com
Cisbio Bioassays SAS 2019-04-26 - Add-on Acquisition
Codolet, France · www.cisbio.com
PerkinElmer, Inc. - Quantitative Pathology Solutions 2018-10-31 - Divestiture
Waltham, Massachusetts
Shanghai Spectrum Instruments Co., Ltd. 2018-05-23 - Add-on Acquisition
Shanghai, China
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
PerkinElmer Health Sciences, Inc.    - PerkinElmer Health Sciences, Inc. - Volocity Software 2018-03-23 2
Shelton, Connecticut · www.perkinelmer.com/pehs/ Shelton, Connecticut
PerkinElmer Health Sciences, Inc.    - PerkinElmer Health Sciences - LABWORKS LIMS Product Line 2016-05-11 1
Shelton, Connecticut · www.perkinelmer.com/pehs/ , India
Spectral Genomics, Inc. 2006-05-01 Bacterial BarCodes, Inc. 2006-10-16 1
Houston, Texas Houston, Texas

M&A by Sector

Sector Buy # Value Sell # Value
Medical Products 11 (31%) 2.3B (24%) 2 (18%) 2.7B (75%)
Life Science 8 (22%) 5.9B (61%) 2 (18%) -
Information Technology 4 (11%) - 2 (18%) 7M (< 1%)
Test/Measurement Equipment 3 (8%) 666M (7%) 2 (18%) 35M (1%)
Semiconductors 3 (8%) - 1 (9%) 12M (< 1%)
Software 3 (8%) - - -
Healthcare Services 2 (6%) 756M (8%) - -
Technology Hardware 1 (3%) - 1 (9%) 500M (14%)
Electronics 1 (3%) - - -
Machinery - - 1 (9%) 333M (9%)
Total 36 $9.6B 11 $3.6B

By Geo

State/Country Buy Value Sell Value
United States 19 6.8B 11 3.6B
  Massachusetts 8 1.6B 5 3.2B
  California 3 5.3B 2 19M
  Washington 2 - - -
  Texas 1 - 1 35M
  Pennsylvania 1 - 1 -
  North Carolina 1 - - -
  New Jersey 1 - - -
  Illinois 1 - - -
  Connecticut 1 - - -
  Maryland - - 1 333M
Germany 4 1.3B - -
China 3 - - -
United Kingdom 3 1.2B - -
India 2 - - -
Sweden 2 266M - -
Belgium 1 - - -
Canada 1 - - -
  Ontario 1 - - -
France 1 - - -
Domestic 19 (53%) 6.8B (71%) 11 (100%) 3.6B (100%)
Cross-border 17 (47%) 2.8B (29%) - -
Total 36 $9.6B 11 $3.6B

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
2
Rothschild Global Advisory
1
Bank of America Merrill Lynch (BofA Securities)
1
Legal Deals
Hogan Lovells
3
McDermott Will & Emery LLP
1
Wilmer Cutler Pickering Hale and Dorr LLP
1

Deal Values

buy # Total
> $1B 2 $6.6B
$100M to $1B 8 $3.0B
TOTAL $9.6B
Largest BioLegend, Inc.
$5.3B (2021-07-26)
sell # Total
> $1B 1 $2.5B
$100M to $1B 3 $1.1B
< $100M 3 $53M
TOTAL $3.6B
Largest PerkinElmer - Applied, Food and Enterprise Services businesses
$2.5B (2022-08-01)

M&A Connections

Deals
Acquired from
Investor(s)
17%
6 (17%)
Strategic(s)
6%
2 (6%)
Divested to
Investor(s)
27%
3 (27%)
Strategic(s)
73%
8 (73%)

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