PerkinElmer realigns business to focus on human and environmental
health
24 November 2008
PerkinElmer, Inc. (NYSE: PKI), is realigning of its businesses to
reflect the Company’s commitment to create a healthier, cleaner and
safer world. As of January 1, 2009, PerkinElmer’s businesses will be
focused into two strategic areas: Human Health and Environmental Health.
The company is introducing new branding to better reflect the
identity and values of the Company. One element of this will be the new
tagline, “For the Better,” representing the company’s commitment to
achieve its mission of improving the health and safety of people and
their environment.
“Today’s announcement recognizes PerkinElmer’s focus on the important
outcomes enabled by our technologies,” said Robert Friel, the Company’s
president and CEO. “The work we do makes a significant difference in
many aspects of our world — in the quality of our drinking water, how
quickly new medical treatments come to market, the health of newborn
babies, and how safe and secure we feel in our homes. We believe that
this clear vision will better define the strategic mission of the
company and improve how we communicate what we do and the value we
deliver to our customers.”
PerkinElmer’s Human Health Business will be based on developing
diagnostics, tools and applications to fight illness, provide better
medical insight and more rapidly create critical new therapies. This
business will include the company’s Genetic Screening, Bio-discovery and
Medical Imaging operating units and will be led by Mr Friel on an
interim basis.
The Environmental Health Business will be based on creating safer
products, more secure surroundings and efficient energy resources. This
business will include the company’s Analytical Sciences, Laboratory
Services, and Detection and Illumination (formerly known as Sensors and
Specialty Lighting) operating units and will be led by John Roush, who
currently leads the company’s Optoelectronics business.
As a result of the company’s decision to focus on human and
environmental health, the company has placed a portion of its specialty
lighting business under strategic review. The estimated 2008 revenue
from the businesses under review is approximately $90 million.
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