PKI - PerkinElmer's Applied Food and Enterprise Services businesses to be acquired by New Mountain Capital

• PerkinElmer's Applied, Food and Enterprise Services businesses, a carve-out from the Discovery & Analytical Solutions segment of PerkinElmer ( NYSE: PKI ) has signed an acquisition agreement with growth-oriented investment firm, New Mountain Capital wherein the latter will acquire the former for $2.45B in total consideration.
• The business being acquired includes PerkinElmer’s leading OneSource laboratory and field services, along with a portfolio of atomic spectroscopy, molecular spectroscopy, and chromatography instruments, consumables and reagents.
• The PerkinElmer brand will be transferred with the business, and the transaction is expected to close in Q1 of 2023.
• New Mountain plans to continue to invest behind the business as it pursues a dynamic growth strategy.
• Shares trading 1.4% higher premarket.

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