An instrument for photon counting measurements in a Lidar experiment is described. Single events can be stored up to rates of 25 MHz and it is capable of 4096 data acquisitions for each measurement. Time information by two successive photons is achieved with an accuracy better than 14 ns. The system is interfaced with an HP 1000F series computer. A window discriminator/shaper for formatting the photomultiplier pulses is also described.