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PerkinElmer Acquires LED Company Elcos for $15M Cash

Feb 11, 2005

NEW YORK, Feb. 11 (GenomeWeb News) - PerkinElmer has acquired light-emitting-diode company Elcos for $15 million in cash and the potential for performance-based earn-out payments, the companies said yesterday in a statement.

 

Pfaffenhofen, Germany-based Elcos provides its LED products to OEM companies "with the majority of their revenue in biomedical instrumentation," said John Roush, PerkinElmer's president of optoelectronics.

 

In 2004, Elcos had revenues of $11.3 million, more than 60 percent of it from health-sciences applications, including blood-glucose monitoring and pulse oximetry, the companies said.

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