PerkinElmer to realign business into two segments

PerkinElmer Inc, the provider of lab and analytical instruments, has announced organisational changes effective October 3, 2016 to better position the company to grow in attractive end markets and expand share with its core product offerings through an improved customer focus, more value-add collaboration and breakthrough innovations. The company, which reported revenue of approximately $2.3 billion in 2015, has realigned into two business segments - diagnostics and discovery & analytical solutions. 

PerkinElmer's diagnostics business, focused on reproductive health, emerging market diagnostic solutions and applied genomics, will become a standalone business segment to better meet the needs of clinically-oriented customers in regulated markets. Prahlad Singh, who has been named senior vice president and president, diagnostics effective October 3, 2016, will lead this business. 

PerkinElmer's environmental health and life science solutions businesses will combine to form discovery & analytical solutions. This combination will advance PerkinElmer’s success in serving and innovating for its applications-oriented customers in the food, environmental, industrial, and life sciences markets. Jim Corbett has been named executive vice president and president, discovery & analytical solutions effective October 3, 2016. 

“We are excited about taking the next step in our strategic evolution to drive increasing profitable growth and advance our mission of innovating for a healthier world. These organizational changes will accelerate our application and technology development efforts for the benefit of PerkinElmer's customers as we expand our capabilities to provide more integrated solutions that address critical needs around the globe,” said Robert Friel, chairman and chief executive officer of PerkinElmer.