Danaher Corporation Announces Signing a Definitive Agreement to Acquire Telecom Tools, Test Sets and Test Systems Product Lines
May 10 2004 - 9:30AM
PR Newswire (US)
Danaher Corporation Announces Signing a Definitive Agreement to
Acquire Telecom Tools, Test Sets and Test Systems Product Lines
From Harris Corporation WASHINGTON, May 10 /PRNewswire-FirstCall/
-- Danaher Corporation announced today that it has signed a
definitive agreement to purchase the telecom tools, test sets and
test systems product lines from Harris Corporation for
approximately $50 million in cash, including transaction costs and
net of cash acquired. Located in Camarillo, California, these
business lines generated approximately $32 million of revenues in
fiscal 2003 and will become part of Danaher's electronic test
platform. The company expects minimal accretion in 2004. The
acquisition remains subject to customary closing conditions and is
expected to close in the second quarter of 2004. Danaher
Corporation is a leading manufacturer of Process / Environmental
Controls and Tools and Components (http://www.danaher.com/).
Statements in this presentation that are not strictly historical
may be "forward-looking" statements, which involve risks and
uncertainties. These include risks and uncertainties relating to
customer and supplier relationships and prices, competition, market
demand, litigation and other contingent liabilities, the
integration and operation of acquired businesses, and economic,
political, governmental and technological factors affecting the
Company's operations, markets, products, services and prices, among
others, as set forth in the Company's SEC filings. DATASOURCE:
Danaher Corporation CONTACT: Andy Wilson, VP Investor Relations of
Danaher Corporation, +1-202-828-0850 Web site:
http://www.danaher.com/
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