PerkinElmer, Inc. announced the sale of its Detection Systems business to L-3 Communications for approximately $100 million. Detection Systems is a leading supplier of X-ray inspection systems and is expected to generate revenues of more than $80M in 2001. The sale is expected to close in the first quarter of 2001.
Gregory L. Summe, chairman and CEO of PerkinElmer, commented, "This divestiture gives us a very strong balance sheet and leaves us exceptionally well positioned to continue growing our three core businesses - Life Sciences, Optoelectronics and Analytical Instruments."
PerkinElmer, Inc., a high technology company based in Boston, MA, operates in three businesses - Life Sciences, Optoelectronics and Analytical Instruments. The company has operations in over 125 countries, and is a component of the S&P 500 Index.
Additional information is available at www.perkinelmer.com.
LFW Staff
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