Caliper To Be Acquired By PerkinElmer for $600M
Waltham, MA-based life sciences tools maker PerkinElmer (NYSE: PKI) announced this morning that it has agreed to acquire a Bay State neighbor focused on imaging and detection technology, Hopkinton, MA-based Caliper Life Sciences (NASDAQ: CALP), for $10.50 per share in cash. Caliper has a major office in Mountain View, CA, as well.
The purchase, which comes to a net total of about $600 million, represents a 42 percent premium on Caliper’s closing share price of $7.39 on Wednesday September 7. The acquisition is expected to close fourth quarter of 2011, and has received the unanimous support of the boards of both companies. Caliper chief executive Kevin Hrusovsky is expected to join the PerkinElmer leadership team following the close of the deal.
The Caliper deal comes as the latest in a string of PerkinElmer acquisitions this year. The Waltham company acquired London-based X-ray detection technology developer Dexela in June and in May bought Labtronics, a Canadian maker of electronic laboratory notebook products enabling laboratory routine analysis.