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Caleb Brett to Buy PerkinElmer s Automotive Research Division

NEW YORK, Nov. 2 (GenomeWeb News) - PerkinElmer agreed on Oct. 26 to sell its automotive division as part of  its divesture of non-life science businesses, the company said in a filing with the Securities and Exchange Commission yesterday.

 

As GenomeWeb News reported last month, PerkinElmer will sell its aerospace, semiconductor, and fluid-testing businesses in order to shift its focus to the health sciences and photonic markets.

 

PerkinElmer agreed to sell to Caleb Brett USA all of its assets related to developing, marketing and providing fuel, lubricant, and other vehicle-based testing services for the gasoline engine and petrochemical industries, the SEC filing said.

 

Caleb Brett will pay $34.5 million in cash, subject to a post-closing adjustment based on PerkinElmer's working capital at closing.

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