PerkinElmer sells lighting sensors business to Excelitas Technologies
PerkinElmer expects the sale of its illumination and detection solutions unit to increase adjusted gross margins by 200 basis points. "The completion of the transaction also frees up capital to reinvest in our more attractive businesses, and pursue targeted acquisitions to complement and expand our portfolio, as well as repurchase shares," CEO Robert Friel said in a statement announcing the deal's closure.