PerkinElmer to Acquire Evotec Technologies.Focuses Evotec on Core Business Drug Discovery and Development HAMBURG, Germany & OXFORD, England -- Evotec AG (Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. : EVT EVT Eventueel (Danish: Maybe) EVT Extreme Value Theory (prediction tool for extrapolation of trend graphs) EVT Embedded Visual Tools EVT Emergency Vehicle Technician EVT Erstverkaufstag , TecDAX 30) today announced that PerkinElmer Inc. (NYSE NYSE See: New York Stock Exchange : PKI (Public Key Infrastructure) A framework for creating a secure method for exchanging information based on public key cryptography. The foundation of a PKI is the certificate authority (CA), which issues digital certificates that authenticate the identity of ) signed a definitive agreement to acquire Evotec Technologies GmbH in a cash transaction valued at approximately EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 23 million. Evotec Technologies is a majority owned subsidiary of Evotec AG, which provides systems for confocal confocal see confocal microscopy. imaging, cell handling, ultra-High Throughput Screening (uHTS) as well as image capture and cellular analysis software. The transaction is subject to regulatory approvals and other customary closing conditions and closing is expected to occur late December 2006 or early 2007. Evotec Technologies will be deconsolidated from Evotec's financial statements as of 01.01.2007. "With its sophisticated product portfolio and its strong customer base Evotec Technologies has grown into a position of strength. To bring the company to the next level of its development, a partnership with a global provider of instrumentation and consumables became paramount. We believe that PerkinElmer is best positioned to leverage Evotec Technologies' full potential," said Joern Aldag, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Evotec AG. "This transaction is another milestone in our strategy to focus Evotec on its drug discovery and development business. Together with the sale of certain technology assets of Evotec Technologies to Olympus earlier in the year, the combined divestments value Evotec Technologies at approximately EUR 30 million. The cash proceeds will provide us with additional flexibility to progress and expand our Central Nervous System pipeline." "Over the past years we have positioned Evotec Technologies to become the premium international supplier of tools and technologies for modern cellular research. Our cutting edge cell analysis, automation and software solutions are the foundation of our leading position in this market segment," commented Prof Carsten Claussen, CEO of Evotec Technologies GmbH. "This is the time to exploit our potential as part of a larger entity with a significantly broader sales force, portfolio strategy and R&D resources. We look forward to becoming the Center for Cellular Sciences in Hamburg within the PerkinElmer group." Evotec Technologies' high-performance HCS HCS - Heterogeneous Computer System A distributed system project. instruments and image analysis software help pharmaceutical, biotechnology and academic researchers automate cell screening and analysis for drug discovery. Included in the company's portfolio is the Opera[TM] HCS platform, a premier tool for high content analysis that combines the precision of confocal microscopy Confocal microscopy is an optical imaging technique used to increase micrograph contrast and/or to reconstruct three-dimensional images by using a spatial pinhole to eliminate out-of-focus light or flare in specimens that are thicker than the focal plane. with the throughput required for primary and secondary screening. This technology is intended to enable researchers to move drug candidates more quickly and confidently through preclinical preclinical /pre·clin·i·cal/ (-klin´i-k'l) before a disease becomes clinically recognizable. pre·clin·i·cal adj. 1. and clinical phases. "Our customers today require unique, flexible tools and platforms that produce better quality and biologically relevant data for mapping cellular events to new discoveries," said Gregory L. Summe, Chairman and Chief Executive Officer, PerkinElmer, Inc. "Evotec Technologies' strong product portfolio - combined with PerkinElmer's global distribution capabilities, service and support - will help our customers speed target validation and lead optimisation along the drug discovery value chain." Conference Call Evotec will host a conference call tomorrow at 11.00 a.m. CET CET abbr. Central European Time CET Central European Time CET n abbr (= Central European Time) → hora de Europa central CET abbr (10.00 a.m. GMT/5.00 a.m. US time East Coast). Joern Aldag, President & CEO and Dr Dirk Ehlers, CFO See Chief Financial Officer. will lead the call.
Conference call numbers:
Europe: +49.(0)69.5007 1307 (Germany)
+44.(0)20.7806 1955 (UK)
US: +1.718.354 1388
A replay of the conference call will be available for 24 hours Adv. 1. for 24 hours - without stopping; "she worked around the clock" around the clock, round the clock and can be accessed in Europe by dialing +49.(0)69.22222 0418 (Germany) or +44.(0)20.7806 1970 (UK) and in the US by +1.718.354 1112. The access code is 4384847#. Notes to the editor About Evotec Technologies Evotec Technologies GmbH is the world's leading provider of confocal detection devices (Opera[TM], Clarina[TM], Insight[TM] Cell), cell handling devices (CytoClone[TM], Cytocon[TM]) and ultra-High-Throughput Screening (uHTS) systems (EVOscreen[R], plate::explorer[TM]). The Company's product portfolio is focused on high-end technologies for automated cell biology Cell biology The study of the activities, functions, properties, and structures of cells. Cells were discovered in the middle of the seventeenth century after the microscope was invented. . Evotec Technologies employs 85 people, primarily at its main site in Hamburg, Germany. In 2005, the company generated sales of EUR 17.0 million. www.evotec-technologies.com About PerkinElmer PerkinElmer, Inc. is a global technology leader driving growth and innovation in Health Sciences and Photonics markets to improve the quality of life. The Company reported revenues of $1.5 billion in 2005, has 8,000 employees serving customers in more than 125 countries, and is a component of the S&P 500 Index. www.perkinelmer.com About Evotec AG Evotec is a leader in the discovery and development of novel small molecule drugs. Both through its own discovery programmes and through contract research partnerships, the Company is generating the highest quality research results for its partners in the pharmaceutical and biotechnology industries. In proprietary projects, Evotec specialises in finding new treatments for diseases of the Central Nervous System. In 2005, Evotec generated sales of EUR 80 million with 600 employees located in Hamburg, Germany and near Oxford and in Glasgow, UK. www.evotec.com |
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