Revvity - M&A Summary and Business Overview

Medical ProductsCompany

Revvity M&A Summary

Revvity has acquired 36 companies, including 7 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 11 assets.

Revvity’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 to New Mountain Capital for $2.5B. Revvity has acquired in 9 different US states, and 9 countries. The Company’s most targeted sectors include medical products (31%) and life science (23%).

Revvity Business Overview

Where is Revvity headquartered?

Revvity is headquartered in Waltham, Massachusetts.

What is Revvity’s revenue?

Revvity disclosed revenue of 3,312M USD for 2022 and 5,067M USD for 2021.

How many employees does Revvity have?

Revvity has 11,000 employees.

What sector is Revvity in?

Revvity is a medical products company.

When was Revvity founded?

Revvity was founded in 1937.

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 18
  • M&A Advisors 7

Revvity

Revvity, Inc.

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

Revvity provides health science solutions, technologies, expertise and services that deliver complete workflows from discovery to development, and diagnosis to cure. Revvity is revolutionizing what’s possible in healthcare, with specialized focus areas in translational multi-omics technologies, biomarker identification, imaging, prediction, screening, detection and diagnosis, informatics and more. Revvity was formerly known as PerkinElmer. The Company was formed in 1937 and is based in Waltham, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 30 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, Inc. 2022-08-01 2.5B USD Divestiture
Shelton, Connecticut · www.perkinelmer.com
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 - 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 4 776M
  California 3 5.3B 2 19M
  Washington 2 - - -
  Connecticut 1 - 1 2.5B
  Texas 1 - 1 35M
  Pennsylvania 1 - 1 -
  Illinois 1 - - -
  North Carolina 1 - - -
  New Jersey 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
 2
Rothschild Global Advisory
 1
BofA Securities
 1
Legal Deals
Hogan Lovells
 3
Wilmer Cutler Pickering Hale and Dorr LLP
 1
McDermott Will & Emery
 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, Inc.
$2.5B (2022-08-01)

M&A Connections

Deals
Acquired from
Investor(s)
19%
7 (19%)
Strategic(s)
6%
2 (6%)
Divested to
Investor(s)
27%
3 (27%)
Strategic(s)
73%
8 (73%)

Company Summary

SECTOR

Medical Products

Revenue

3,312   35% 2022
5,067   34% 2021
3,783   32% 2020
2,884   4% 2019
2,778   24% 2018
2,257   7% 2017
2,116   7% 2016
2,262   2% 2015
2,237   4% 2014
2,166   3% 2013
2,105   2012
(millions of USD) Show More Show Less

Employees

11,000

Established

1937

Public

NYSE: RVTY

Former Name

PerkinElmer, Inc.

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