Danaher buying LEM Instruments

Washington, DC—Danaher Corp. reports that it has agreed to buy LEM Instruments, a division of Swiss-based LEM Group, for approximately $57 million in cash, including transaction costs and net of cash acquired.

01/04/2005


Washington, DC— Danaher Corp. reports that it has agreed to buy LEM Instruments, a division of Swiss-based LEM Group, for approximately $57 million in cash, including transaction costs and net of cash acquired. The acquisition is subject to applicable regulatory approvals and other closing conditions, but is expected to close in the first quarter of 2005.

With its primary operations in the U.K. and Austria, LEM Instruments produces a comprehensive array of electrical measurement solutions used in commercial and industrial applications. The business generated fiscal 2004 revenues of approximately $45 million. The company expects minimal accretion in 2005.

Danaher manufactures of process/environmental controls, tools, and components. LEM Instruments will become a part of Danaher's Electronic Test platform.

Control Engineering Daily News Desk
Jim Montague, news editor
jmontague@reedbusiness.com





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