- Top Distributors Lists
- Market Research
- Free Reports
Washington, D.C.-based Danaher Corp. (NYSE:DHR), has agreed to acquire Keithley Instruments, Inc. (NYSE: KEI), Solon, OH, for $21.60 per share. Keithley designs, develops, manufactures, and markets complex electronic instruments and systems geared to engineers at electronics manufacturers and academic institutions for research, product development, high-performance production testing and process monitoring.
Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.
Keithley will become part of Danaher's Tektronix business.
"Along with Fluke and Tektronix, Keithley further solidifies Danaher's leading position in the Test & Measurement industry and presents an attractive value creation opportunity," said Jim Lico, executive vice president at Danaher.
Danaher is a diversified manufacturer serving professional, medical, industrial and commercial customers.