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PerkinElmer, Inc. (NYSE: PKI) is an American multinational technology corporation, focused in the business areas of: Life and Analytical Sciences, Optoelectronics, and Fluid Sciences. more...

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PerkinElmer's Life and Analytical Sciences division engineers and manufactures drug research and development tools, chemical and environmental monitoring equipment, medical imaging devices, and genetic screening tools. Their Optoelectronics division designs and builds digital imaging and specialty lighting equipment.

PerkinElmer is part of the S&P 500 index and operates in 125 countries. As of 2005, it has a market capitalization of ~3.0 billion.

History

PerkinElmer traces its history back to a merger between divisions of what had been two S&P 500 companies, EG&G Inc. (formerly NYSE: EGG) of Wellesley, Massachusetts and Perkin-Elmer (formerly NYSE: PKN) of Norwalk, Connecticut. On May 28, 1999, the non-government side of EG&G Inc. purchased the Analytical Instruments Division of Perkin-Elmer, its traditional business segment, for US$425 million, also assuming the Perkin-Elmer name and forming the new PerkinElmer company, with new officers and a new Board of Directors. At the time, EG&G made products for diverse industries including automotive, medical, aerospace and photography.

The old Perkin-Elmer Board of Directors and Officers remained at that reorganized company under its new name, PE Corporation. It had been the Life Sciences division of Perkin-Elmer, and its two component tracking stock business groups, Celera Genomics (NYSE: CRA) and PE Biosystems (formerly NYSE: PEB), were centrally involved in the highest profile biotechnology events of the decade, the intense race against the Human Genome Project consortium, which then resulted in the genomics segment of the technology bubble.

EG&G began in 1931; It was started by two MIT professors, Harold Edgerton and Kenneth Germeshausen in a Boston garage. The company was originally incorporated in 1947 as EG&G.

Perkin-Elmer was founded in 1937 by Richard Perkin and Charles Elmer as an optical design and consulting company. In 1944, Perkin-Elmer entered the analytical-instruments business, and in the early 1990s, partnered with Hoffmann-La Roche to pioneer the Polymerase Chain Reaction equipment industry.

Perkin-Elmer was commissioned to build the optical components of the Hubble Space Telescope. The construction of the main mirror was begun in 1979 and completed in 1981. However the polishing ran over budget and behind schedule, producing significant friction with NASA. Due to a miscalibrated null corrector, the primary mirror was also found to have a significant spherical aberration after reaching orbit on STS-31. A NASA investigation heavily criticized Perkin-Elmer for management failings, disregarding written quality guidelines, and ignoring test data that showed this miscalibration. Corrective optics were installed on the telescope during the first Hubble service and repair mission STS-61. The correction, COSTAR, was applied entirely to the secondary mirror and replaced existing instrumentation: the primary mirror still has a significant aberration.

Read more at Wikipedia.org