PerkinElmer to Acquire Cell Engineering Company
- Posted by ISPE Boston
- On November 5, 2020
Waltham-based PerkinElmer will acquire cell engineering company Horizon for approximately $383 million with the transaction expected to close in the first quarter of 2021. With this investment, PerkinElmer will expand its portfolio of leading, automated life sciences discovery and applied genomics solutions to include gene editing and gene modulation tools. The acquisition will enable PerkinElmer to better partner with academic and pharma/biopharma scientists to help meet today’s research challenges. It will also provide an opportunity to provide important tools for exploring next-generation cell engineering and customized cell lines for relevant biological models – important for the future of precision medicine.
Headquartered in Cambridge, UK, Horizon is a leading provider of CRISPR and RNAi reagents, cell models, cell engineering and base editing offerings which help scientists better understand gene function, genetic disease drivers and biotherapeutics delivery. Horizon has approximately 400 employees across multiple countries, including the UK, the US and Japan and reported revenue from continuing operations of $75.5 million (£58.3 million) in 2019.
PerkinElmer’s discovery and applied genomics solutions feature a range of immunoassay platforms, high content screening (HCS) and in vivo imaging, along with microfluidics, robotic liquid handling technologies and next-generation sequencing library preparation kits. (Source: PerkinElmer Website, 02 November, 2020)