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Fortive Corp. (NYSE: FTV), Everett, WA, has agreed to acquire Landauer (NYSE: LDR), Glenwood, IL, for $770 million. Landauer is a global provider of subscription-based technical and analytical services to determine occupational and environmental radiation exposure, as well as a domestic provider of outsourced medical physics services.
Landauer generated annual revenues of $143 million in 2016. Landauer will become part of Fortive’s field solutions platform within Fortive’s professional instrumentation segment.