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Danaher to Acquire Keithley Instruments

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.

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.

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