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PerkinElmer company history timeline

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 1939.

1941

Circa 1941 brochure for Mogey Telescopes distributed by Perkin-ELmer.

1942

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 in 1944.

1947

EG&G had been established in 1947 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

THEN: In the 1950’s, our aerial panoramic camera lenses were capable of recording the entire state of Pennsylvania in two flyovers, with resolution that enabled one to count the autos on the Penn Turnpike.

1954

Elmer died at age 83 in 1954, and the company began trading shares over the counter.

1955

A significant advance was 1955's 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 1961, 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 in 1963.

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 in 1969.

1971

1971 METCO Inc. is acquired.

1973

In 1973 it introduced the Micralign projection mask aligner, designed to facilitate the production of semiconductors.

1975

For instance, in 1975 it brought out an infrared spectrometer controlled by a microprocessor; a decade later, the company offered augmented automation by use of robotics.

THEN: Perkin-Elmer pioneered computer-aided chemistry with the introduction of the first microprocessor-controlled infrared spectrophotometer in 1975.

1977

1977 Perkin-Elmer receives a contract to develop the Hubble Space Telescope for NASA.

1981

Profits peaked at $82.6 million, however, in fiscal year 1981.

1982

By 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

In 1985, the computing division of Perkin-Elmer was spun off as Concurrent Computer Corporation.

1986

In 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 fiscal 1987 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 fiscal 1989, 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.

As fiscal 1989 progressed, management decided on a far more drastic restructuring, dropping three more major business segments and leaving a company centered on just two basic fields: analytical instruments and material sciences.

1990

After the $1.5 billion telescope was finally launched into space in 1990, 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 1991 Cetus was acquired by Chiron Corp. after selling its PCR technology to major drug producer Hoffmann-La Roche.

1992

The July 1992 year saw recovery with revenues at a post-divestiture high of $911 million and profits of $59 million.

In 1992, the company merged with Applied Biosystems.

1995

By 1995, shareholders were dissatisfied with Perkin-Elmer's direction and demanded the company take action to increase shareholder value.

1995 Tony L. White is named president, chairman, and CEO; the company begins restructuring into two distinct groups: Analytical Instruments and Applied Biosystems.

1997

In 1997 they merged with PerSeptive Biosystems.

1999

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 in 2001.

2002

By 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 in 2003.

2004

In 2004, revenue increased by 10 percent over the previous year.

2005

In 2005, PerkinElmer set plans in motion to jettison its fluid sciences business unit.

2006

In 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 year 2007.

In 2007, 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 2008, 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 2011, PerkinElmer bought Caliper Life Sciences for US$600 million.

2016

In January 2016, PerkinElmer acquired Swedish firm Vanadis Diagnostics.

2017

In January 2017, the company announced it would acquire the Indian in vitro diagnostic company, Tulip Diagnostics.

2018

In 2018, the company acquired Australian biotech company, RHS Ltd., Chinese manufacturer of analytical instruments, Shanghai Spectrum Instruments Co.

2020

In November 2020, PerkinElmer announced it would acquire Horizon Discovery Group for around US$383 million.

2021

In March 2021, 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.

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Founded
1937
Company founded
Headquarters
Waltham, MA
Company headquarter
Founders
Charles Elmer,Richard Perkin
Company founders
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PerkinElmer competitors

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Agilent Technologies1999$6.5B13,500139
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PerkinElmer history FAQs

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PerkinElmer may also be known as or be related to PerkinElmer, PerkinElmer Genetics, Inc., PerkinElmer Inc, PerkinElmer, Inc. and Perkinelmer, Inc.