PerkinElmer
Categories
#1168
Rank
$14.46B
Marketcap
United States
Country
Alexis Platon Michas (Non-Executive Chairman)
Andrew Okun (Chief Accounting Officer & Vice President)
Technology
Media and Communications
Summary
PerkinElmer is a global leader focused on improving the health and safety of people and the environment. Their dedicated team of 8,000 employees worldwide are passionate about providing customers with an unmatched experience as they help solve critical issues in human and environmental health.
Their innovative detection, imaging, informatics and service capabilities, combined with deep market knowledge and expertise, help customers gain greater insights into their science to better protect their environment, their food supply and the health of their families.
History
1937: Perkin raised US$15,000 from his relatives, while Elmer added US$5,000, and the firm was initially set up as a partnership on 19 April 1937.
1939: They incorporated the growing firm on 13 December.
1941: Circa 1941 brochure for Mogey Telescopes distributed by Perkin-Elmer.
1942: Perkin-Elmer becomes the first optical instrument maker to win a Navy "E" (for Excellence).
1944: The company also was able, however, to arrange for research that extended its optical know-how into a brand new field, coming out with its initial infrared spectrometer.
1947: EG&G had been established by MIT professor Harold E. Edgerton and several former students and had been involved in a wide variety of activities including nuclear weapons management for the government.
1950: In the 1950s, their aerial panoramic camera lenses were capable of recording the entire state of Pennsylvania in two flyovers, with a resolution that enabled one to count the autos on the Penn Turnpike.
1954: Elmer died at age 83, and the company began trading shares over the counter.
1955: A significant advance was the Transverse Panoramic Camera, which took images on 12 by 14 ft (3.7 by 4.3 m) wide frames that provided single-frame images from horizon to horizon from an aircraft flying at 40,000 ft altitude.
1961: Perkin remained as president and CEO until June, when Robert Lewis, previously of Argus Camera and Sylvania Electric Products, took over these roles.
1963: Profits, while more volatile, also had grown strongly from around $2 million.
1967: In 1967 the United States Air Force approached Perkin-Elmer asking them if they could produce an all-optical "masking" system for semiconductor fabrication.
1969: Perkin remained chairperson, concentrating on long-range plans and overseas development, until his death at age 62.
1971: METCO Inc. is acquired.
1973: It introduced the Micralign projection mask aligner, designed to facilitate the production of semiconductors.
1975: For instance, it brought out an infrared spectrometer controlled by a microprocessor; a decade later, the company offered augmented automation by the use of robotics. Perkin-Elmer pioneered computer-aided chemistry with the introduction of the first microprocessor-controlled infrared spectrophotometer this year.
1977: Perkin-Elmer receives a contract to develop the Hubble Space Telescope for NASA.
1981: Profits peaked at $82.6 million in the fiscal year.
1982: The Wollongong Group Edition 7 Unix and Programmer's Workbench (PWB) were available on models such as the Perkin-Elmer 3210 and 3240 minicomputers.
1985: The computing division of Perkin-Elmer was spun off as Concurrent Computer Corporation.
1986: Perkin formed a joint venture with biotech specialist Cetus Corporation.
1987: As a measure of the magnitude of these steps, the historically recalculated revenues from "continuing operations" for the fiscal year came to only $600 million or less than half the record $1.3 billion that all of the then-operating units had actually brought in.
1988: Fiscal 1988 brought the anticipated rebound, with profits of $72 million.
1989: For this fiscal year, both sales and profits from continuing operations showed healthy gains over the two preceding years, but an $82 million write-down of the businesses being dropped resulted in a net loss of $24 million. Management decided on a far more drastic restructuring, dropping three more major business segments and leaving a company centred on just two basic fields: analytical instruments and material sciences.
1990: After the $1.5 billion telescope was finally launched into space this year, it was discovered that the Hubble could not achieve its full mission because of some design and manufacturing flaws. The more narrowly focused Perkin-Elmer boosted sales and turned a $44 million profit in fiscal 1990, but the next year, with problems aggravated by worldwide weak economies, the Persian Gulf war, and other international turmoil, events proved that the company was not yet in the clear.
1991: In December Cetus was acquired by Chiron Corp. after selling its PCR technology to major drug producer Hoffmann-La Roche.
1992: This mid-year saw recovery with revenues at a post-divestiture high of $911 million and profits of $59 million. The company merged with Applied Biosystems.
1995: Shareholders were dissatisfied with Perkin-Elmer's direction and demanded the company take action to increase shareholder value. Tony L. White is named president, chairman, and CEO; the company begins restructuring into two distinct groups: Analytical Instruments and Applied Biosystems.
1997: The company merged with PerSeptive Biosystems.
1999: The Analytical Instruments division is sold to EG&G Inc.; EG&G changes its name to PerkinElmer Inc.
2001: Perkin-Elmer purchased the Boston operations of NEN Life Sciences.
2002: Nearly 80 percent of what was the old EG&G had been sold.
2003: Together, the new unit accounted for 65 percent of revenues.
2004: Revenue increased by 10 percent over the previous year.
2005: PerkinElmer set plans in motion to jettison its fluid sciences business unit.
2006: PerkinElmer sold off the Fluid Sciences division for approximately US$400 million; the aim of the selloff was to increase the strategic focus on its higher-growth health sciences and photonic markets.
2007: PerkinElmer had a license to use the brand till the end of the year. It purchased ViaCell, Inc. for US$300 million, which included its offices in Boston and cord blood storage facility in Kentucky near Cincinnati.
2008: In March, PerkinElmer purchased Pediatrix Screening (formerly Neo Gen Screening), a laboratory located in Bridgeville, Pennsylvania specializing in screening newborns for various inborn errors of metabolism such as phenylketonuria, hypothyroidism, and sickle-cell disease.
2011: In September, PerkinElmer bought Caliper Life Sciences for US$600 million.
2016: In January, PerkinElmer acquired Swedish firm Vanadis Diagnostics.
2017: In January, the company announced it would acquire the Indian in vitro diagnostic company, Tulip Diagnostics.
2018: The company acquired an Australian biotech company, RHS Ltd., and the Chinese manufacturer of analytical instruments, Shanghai Spectrum Instruments Co.
2020: In November PerkinElmer announced it would acquire Horizon Discovery Group for around US$383 million.
2021: In March, PerkinElmer announced that the Company has completed its acquisition of Oxford Immunotec Global PLC (Oxford Immunotec). In May of the same year, the business announced it would purchase Nexcelom Bioscience for $260 million and Immunodiagnostic Systems Holdings PLC for $155 million.
Mission
“We strive to find new and contemporary ways of working to deliver the best customer solutions. Our goals are not met unless our customers are raving about our people, our solutions, and their experience.”
Vision
“Committed to innovation which creates value and positive outcomes for our customers.”
Key Team
Henna Järvinen (Board Member)
Bryan A. Kipp (VP & General Manager-Life Sciences Integration)
Kenton Sicchitano (Board Member)
Christy Carlin (Chief Revenue Officer)
Michel Vounatsos (Chief Executive Officer, Biogen)
Daniel R. Tereau (Senior VP-Strategy & Business Development)
Nicholas Lopardo (Board Member)
Deborah Butters (SVP & Chief Human Resources Officer)
Pascale Witz (Board Member)
Frank A. Wilson (SVP & CFO)
Patrick J. Sullivan (Board Member)
Franklin R. Witney (Board Member)
Peter Barrett (Board Member)
Henna Järvinen (Board Member)
Prahlad Ramadhar Singh (CEO / President)
Alexis Platon Michas (Non-Executive Chairman)
Franklin R. Witney (Board Member)
References
https://en.wikipedia.org/wiki/PerkinElmer
https://www.zippia.com/perkinelmer-careers-8966/history/
https://www.crunchbase.com/organization/perkinelmer
https://www.perkinelmer.com/corporate/company/our-history
https://sec.report/CIK/0001004980
https://companiesmarketcap.com/largest-companies-by-revenue/
https://www.comparably.com/companies/perkinelmer/mission
https://www.linkedin.com/company/perkinelmer
Alexis Platon Michas (Non-Executive Chairman)
Andrew Okun (Chief Accounting Officer & Vice President)
Technology
Media and Communications