PerkinElmer firms up India base:
This article was originally published in Clinica
Executive Summary
PerkinElmer has acquired the outstanding minority interest in the sales and marketing business, PerkinElmer India, from Labindia Instruments.100% ownership of PerkinElmer India will provide the Waltham, Massachusetts group with a platform to deliver its extensive portfolio of medical devices to the Indian market. The transaction also sees Jai Shankar appointed as president of PerkinElmer India, a role that will allow him to oversee the company's expansion of its product portfolio, and set its strategic direction in the region. The company also announced it plans to open a new India headquarters in Mumbai, as well as a new technical support and applications center in the second half of 2007. PerkinElmer India currently employs approximately 170 people in nine sites throughout the country, including Bangalore and Mumbai.