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October 15, 2007

Danaher to Buy Tektronix for $2.8B

Danaher Corporation will acquire Tektronix, Inc., Beaverton, OR, for $2.8 billion, including debt.
 
With annual revenues of approximately $1.1 billion, Tektronix is a supplier of test, measurement, and monitoring products enabling the design, manufacture, and management of next-generation global communications networks, computing and advanced technologies. The supplier has operations in 19 countries.
 
Tektronix’s products are sold to the communications, computer, semiconductor and consumer electronics industries – as well as military/aerospace, education and a broad range of other industries.
 
Tektronix would become part of Danaher’s Electronic Test platform, joining Danaher’s Fluke and Fluke Networks businesses, and nearly doubling the platform’s revenues.
 
Danaher Corporation is a manufacturer of Professional Instrumentation, Medical Technologies, Industrial Technologies and Tools and Components. It had sales of $9.5 billion in 2006.

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