Pharma BD Deal Intelligence

PerkinElmer, Inc. / EUROIMMUN Medizinische Labordiagnostika AG

2017 · Acquisition/Merger · $1.3B · Complete

CALLED IT — OFF BY 4

EUROIMMUN became a cornerstone diagnostics asset — COVID-era windfall, kept through the PerkinElmer-to-Revvity split, no impairments, still launching new products in 2025

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The coverage arc

Jun 19, 2017 Business Wire (PerkinElmer) Bullish

PerkinElmer to acquire EUROIMMUN for approximately $1.3 billion, expanding into autoimmune and allergy diagnostics and adding infectious-disease capabilities,…

Jun 20, 2017 BioWorld MedTech Bullish

Cowen's Doug Schenkel called the deal 'attractively accretive' and 'a good use of capital'; Evercore's Ross Muken said it 'furthers management's push into…

Dec 20, 2017 Zacks Equity Research Bullish

PerkinElmer expected ~$0.28-$0.30 non-GAAP EPS accretion in 2018, with EUROIMMUN's ~19% five-year revenue CAGR providing growth uplift to PKI's diagnostics…

Source summaries from our enrichment pipeline; follow links for originals.

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PerkinElmer agreed to acquire EUROIMMUN, a German leader in autoimmune testing and emerging player in infectious disease/allergy diagnostics, for approximately $1.3B. EUROIMMUN was expected to generate ~$310M revenue in 2017 with five-year average revenue growth of 19%. The deal expanded PerkinElmer's diagnostics portfolio across reproductive health, autoimmune, infectious disease and allergy testing. Closed December 2017.

Did it work? Outcome assessment

EUROIMMUN became a cornerstone diagnostics asset — COVID-era windfall, kept through the PerkinElmer-to-Revvity split, no impairments, still launching new products in 2025

Strategic verdict
Achieved Stated Rationale
Financial impact
Accretive
Pipeline outcome
Assets Advanced

Key facts

Related deals — scored

DealYearValueOutcome
PerkinElmer, Inc. / EUROIMMUN Medizinische Labordiagnostika AG (this deal)2017$1.3B88
Amgen Inc. / Immunex Corporation2002$16.0B92
Vertex Pharmaceuticals Incorporated / Alpine Immune Sciences2024$4.9B78
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Amgen Inc. / Horizon Therapeutics plc2022$27.8B72
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