WALTHAM, Mass. (AP) -- Medical instrument maker PerkinElmer Inc. said Friday it will purchase the remaining 50 percent of a joint venture with Danaher Corp. in inductively coupled plasma mass spectrometry.
Terms of the deal were not disclosed. It will give PerkinElmer complete ownership of the joint venture and ensure "a dedicated and fully integrated approach" to the product line, the company said in a statement.
Danaher had acquired the joint-venture stake as part of its purchase of the analytical technologies business of MDS Inc.
Inductively coupled plasma mass spectrometry provides "high-sensitivity simultaneous detection" of chemicals and can be used for applications within environmental, semiconductor and geochemical research markets, among others.