PerkinElmer, Inc. (“PerkinElmer”) has agreed to acquire Perten Instruments Group AB (“Perten”), a global leading supplier of advanced analytical instruments for quality control of food, grain, flour and feed, from Valedo Partners Fund I AB (“Valedo”), the Perten family and key staff in Perten. Perten has under Valedo’s ownership since 2010 doubled in size through successful investments in product development and geographical expansion. PerkinElmer’s commitment to the food quality testing space and presence in complementary markets combined with Perten’s solid market position and leading product portfolio is an ideal match to further strengthen a leading position in this sector.
Perten, founded in 1962, develops and markets instruments, along with a market leading food quality calibration database and ancillary services, for advanced quality control of food, grain, flour and feed. Over the last few years, Perten has achieved strong organic growth and today generates an annual turnover of more than EUR 50 million with sales in more than 100 countries. Perten has a global leading position in several product segments which is the result of the development of ground-breaking products, several of which are now industry standards.
PerkinElmer, Inc. is a global leader focused on improving the health and safety of people and the environment. Through combining innovative detection, imaging, laboratory services, and informatics solutions with knowledge and expertise PerkinElmer supports the discovery of critical insights in diagnostics, life sciences, and environmental applications. The company reported revenue of approximately $2.2 billion in 2013, has around 7,600 employees serving customers in more than 150 countries.
“I am very proud of what Perten has achieved in the market. Since 2010 we have accelerated our efforts to develop and launch innovative products and services and we have significantly expanded our sales and service organization in both existing and new markets. Perten has appreciated working with Valedo and now welcome PerkinElmer as our new owner, who we are convinced will be able to contribute significant resources and competence to further develop and grow our business.” said Sven Holmlund, CEO, Perten Instruments Group AB.
“The combination of Perten’s unique capabilities with PerkinElmer’s portfolio of innovative analytical instruments will enable us to further penetrate the multi-billion dollar global food testing market, including longer-term opportunities in higher growth regions such as China,” said Jon DiVincenzo, President, Environmental Health, PerkinElmer. “PerkinElmer will now be firmly positioned to help customers address rigorous regulations for food quality control, import/export product testing, and the need to preserve the integrity of global supply chains.”
Valedo is an independent Swedish private equity group investing in high-quality small/mid cap companies in the Nordic region. Valedo is focusing on companies with clear growth and development potential where Valedo can actively contribute to and accelerate the companies’ development. Being an active owner and contributing both capital and industrial experience, Valedo ensures that a company can achieve its full potential. www.valedopartners.com.
PerkinElmer, Inc. is a global leader focused on improving the health and safety of people and the environment. The Company reported revenue of approximately $2.2 billion in 2013, has about 7,600 employees serving customers in more than 150 countries, and is a component of the S&P 500 Index. Additional information is available through telephone: +1-877-PKI-NYSE, or at www.perkinelmer.com.
About Perten Instruments:
Perten Instruments Group is a global leader in analytical instrumentation and services to the food, grain, flour and feed markets. The company generates an annual turnover of more than EUR 50 million, has some 200 employees in 8 operational units and supplies the rest of the world through distributors and agents in more than 100 countries. For further information please visit www.perten.com.