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.
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 DeskJim Montague, news editorjmontague@reedbusiness.com
Do you have experience and expertise with the topics mentioned in this content? You should consider contributing to our WTWH Media editorial team and getting the recognition you and your company deserve. Click here to start this process.
