Ft Lauderdale, Florida 4/15/2010 9:00:00 AM
News / Business

PerkinElmer (NYSE: PKI) to Acquire Signature Genomic Laboratories

 

PerkinElmer (NYSE: PKI) announced Wednesday that it will acquire Signature Genomic Laboratories in a move to strengthen its genetic testing services, according to Associated Press.

 

Financial terms of the deal, which is expected to close next month, were not disclosed.

 

PerkinElmer said Signature will help expand its position in the molecular diagnostics market and strengthen its cancer diagnostics.

 

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PerkinElmer Inc. said it employs about 8,500 people and has customers in more than 150 countries. Earlier this year, the company acquired the remaining 50 percent of a joint venture with Danaher Corp. (NYSE: DHR).

 

Danaher initially entered the joint-venture as part of its purchase of the analytical technologies business of MDS Inc. (NYSE: MDZ).

 

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