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PerkinElmer Sells Semiconductor Business to Tara for $26.5M

Feb 28, 2006

NEW YORK, Feb. 28 (GenomeWeb News) - PerkinElmer has completed the sale of its semiconductor business to Tara Capital, the photonics company said today.

 

The assets were sold for approximately $26.5 million in cash and assumed liabilities and an earn-out that could increase that amont to more than $30 million, PerkinElmer said in a statement.

 

The sale, which PerkinElmer originally expected to close by the end of last year, follows the December 2005 sale of PerkinElmer's aerospace division to Eaton and represents the last of the companies' divestitures of its fluid sciences units.

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