Danaher Corporation Announces Completion of the Kaltenbach & Voigt GmbH & Co. KG ("KaVo") Acquisition and the Telecom Tools, Tes
May 28 2004 - 9:57AM
PR Newswire (US)
Danaher Corporation Announces Completion of the Kaltenbach &
Voigt GmbH & Co. KG ("KaVo") Acquisition and the Telecom Tools,
Test Sets and Test Systems Product Lines Acquisition From Harris
Corporation WASHINGTON, May 28 /PRNewswire-FirstCall/ -- Danaher
Corporation (NYSE:DHR) announced today that it has completed the
previously announced acquisition of Kaltenbach & Voigt GmbH
& Co. KG ("KaVo") for approximately 350 million Euro in cash
($425 million), including transaction costs and net of cash
acquired. KaVo, headquartered in Biberach, Germany, with 2003
revenues of approximately $450 million, is a worldwide leader in
the design, manufacture and sale of dental equipment, including
handpieces, treatment units and diagnostic systems and laboratory
equipment. (http://www.kavo.com/en) Danaher also completed the
previously announced acquisition of the telecom tools, test sets
and test systems product lines from Harris Corporation (NYSE:HRS)
for approximately $50 million in cash, including transaction costs.
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. Danaher
Corporation is a leading manufacturer of Process / Environmental
Controls and Tools and Components (http://www.danaher.com/).
Statements in this release 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/ http://www.kavo.com/en
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