PerkinElmer divests illumination and detection solutions business

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The former illumination and detection solutions (IDS) business unit of PerkinElmer has been divested from the company to form a new independent company - Excelitas Technologies.

Now owned by private equity firm Veritas Capital, Excelitas Technologies has 3,000 employees, manufacturing operations in the US, Canada, Europe and Asia and projected 2010 revenues of over $300 million. The company will continue to support OEM and after market customers across a diverse range of speciality markets in application areas such as medical, analytical instrumentation, clinical diagnostics, industrial, safety and security, and aerospace and defence.

'We are proud to be launching Excelitas Technologies and under the new ownership of Veritas Capital, we anticipate even stronger support for the innovation and growth initiatives that are envisioned to accelerate value creation for all of our stakeholders,' said chief executive officer, David Nislick.

Excelitas Technologies offers customers deep applications expertise along with a broad portfolio of cutting-edge technology solutions including xenon-based lighting, LED-based lighting, thermal infrared detectors, low light level detectors, emitters, high reliability power sources, energetic safety systems, and precision time standards.