WELLESLEY, Mass., Feb. 11 -- PerkinElmer Inc. announced it is acquiring Elcos AG, a European maker of custom LED technology for biomedical and industrial applications, for $15 million cash and the potential for payments based on the future performance of the business. Based in Pfaffenhofen, Germany, Elcos had 2004 revenues of $11.3 million, 60 percent from health sciences applications, including blood glucose monitoring and pulse oximetry. The companies said the transaction combines Elcos’ visible LED technology platform and strong customer and application base with PerkinElmer’s global...Read full articleRelated content from Photonics MediaArticlesTargeting Chronic Disease at the Point of CareOf all chronic diseases, cardiovascular diseases are now the leading cause of death worldwide, with cancer, pulmonary diseases, and diabetes close behind. 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