Applera emerged out of the Perkin-Elmer Corporation. Perkin-Elmer acquired Applied Biosystems in 1993 and it established Celera Genomics in 1998. Perkin-Elmer split in 1999, selling off the traditional side of its business (the Analytical Instruments Division) to EG&G and EG&G took on the name PerkinElmer. The Life Sciences Division of Perkin-Elmer became the PE Corporation. In 2000, the company was renamed Applera, with two major groups with publicly traded stocks: Applera Corp-Applied Biosystems Group and Applera Corp-Celera Genomics. The name ‘Applera’ is a combination of its two component groups, appl(iedCel)ara. In 2006, Applera spun off Celera Genomics and changed its name to Applied Biosystems. In 2008, Applied Biosystems merged with Invitrogen to form Life Technologies. In 2014, Thermo Fisher Scientific acquired Life Technologies.