Former Illumination and Detection Solutions (IDS) Business Unit of PerkinElmer is now Excelitas Technologies Corp.
With divestiture complete, Excelitas Technologies forges ahead as an independent company providing OEMs with customized, high-performance technology solutions
Waltham, MA, November 29, 2010 — With a continued focus on delivering innovative, customized technology products and solutions to its global commercial and defense customers, the former Illumination and Detection Solutions (IDS) business of PerkinElmer was formally re-launched today as Excelitas Technologies Corp.
Now owned by private equity firm Veritas Capital, Excelitas Technologies has 3,000 employees, manufacturing operations in the U.S., Canada, Europe and Asia and projected 2010 revenues of over $300 million. The company will continue to support original equipment manufacturer (OEM) and aftermarket customers across a diverse range of specialty markets including: medical, analytical instrumentation, clinical diagnostics, industrial, safety and security, and aerospace and defense.
“We are proud to be launching Excelitas Technologies and under the new ownership of Veritas Capital, we anticipate even stronger support for the innovation and growth initiatives that are envisioned to accelerate value creation for all of our stakeholders,” said Chief Executive Officer, David Nislick.
“On behalf of Veritas Capital and our Limited Partners, we are very excited to be associated with Excelitas Technologies and its 3,000 employees around the world. The company has a long tradition of innovation and excellence in providing solutions to its customers and we look forward to continuing that tradition in the years ahead," said Bob McKeon, Founder and Managing Partner of Veritas Capital.
Excelitas Technologies offers customers deep applications expertise along with a broad portfolio of cutting-edge technology solutions including Xenon-based lighting, LED-based lighting, Thermal Infrared Detectors, Low Light Level Detectors, Emitters, High Reliability Power Sources, Energetic Safety Systems, and Precision Time Standards.
Information about Excelitas Technologies will be available in the coming months through www.excelitas.com.
About Excelitas Technologies
Excelitas Technologies is a global technology leader focused on delivering innovative, customized solutions to meet the illumination, detection and other high-performance technology needs of OEM customers. From medical lighting to analytical instrumentation, clinical diagnostics, industrial, safety and security, and aerospace and defense applications, Excelitas Technologies is committed to enabling our customers' success in their specialty end-markets. Excelitas Technologies has approximately 3,000 employees in North America, Europe and Asia, serving customers across the world. The company was previously the Illumination and Detection Solutions (IDS) business unit of PerkinElmer, and is now owned by Veritas Capital.
Contacts:
Francine S. Bernitz
Director of Marketing, Excelitas Technologies
francine.bernitz@excelitas.com
Danielle Wuschke
Fleishman Hillard, on behalf of Excelitas Technologies
danielle.wuschke@fleishman.com