PerkinElmer Completes Sale of Semiconductor Business


PerkinElmer Inc. announced that, in line with its previously announced intention, the Company has sold the assets of its semiconductor components business to Tara Capital for cash and assumed liabilities totaling approximately $26.5 million and an earn out that could increase the total consideration to in excess of $30 million. This sale represents the last of three recent divestitures that comprised PerkinElmer's Fluid Sciences unit. As previously announced, the Company had sold its aerospace and fluid testing businesses at the end of 2005, and has realized a total of approximately $400 million for the three businesses.

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