M&A Deal Summary

Danaher Acquires Fluke

On June 1, 2003, Danaher acquired test/measurement equipment company Fluke for 625M USD

Acquisition Highlights
  • This is Danaher’s 2nd transaction in the Test/Measurement Equipment sector.
  • This is Danaher’s 11th largest (disclosed) transaction.
  • This is Danaher’s 5th transaction in the United States.
  • This is Danaher’s 1st transaction in Washington.

M&A Deal Summary
Date 2003-06-01
Target Fluke
Sector Test/Measurement Equipment
Buyer(s) Danaher
Deal Type Add-on Acquisition
Deal Value 625M USD

Target

Fluke

Everett, Washington, United States
website
Fluke Corporation a professional electronic test tools. Fluke customers are technicians, engineers, electricians, and metrologists who install, troubleshoot and manage industrial, electrical and electronic equipment and calibration processes.

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Buyer(S) 1

Buyer

Danaher

Washington, District of Columbia, United States

website

Category Company
Founded 1969
Sector Diversified
Employees79,000
Revenue 31.5B USD (2022)
DESCRIPTION

Danaher designs, manufactures and markets professional, medical, industrial and commercial products and services. Danaher's research and development, manufacturing, sales, distribution, service and administrative facilities are located in more than 50 countries. Danaher's business consists of five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental; and Industrial Technologies. Danaher was incorporated in 1969 and is based in Washington, DC.

DEAL STATS #
Overall 6 of 42
Sector (Test/Measurement Equipment) 2 of 9
Type (Add-on Acquisition) 5 of 38
State (Washington) 1 of 2
Country (United States) 5 of 28
Year (2003) 2 of 2
Size (of disclosed) 11 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 Pacific Scientific Aerospace

Pacific Scientific specializes in supplying electric power, electric linear actuation, safety and security products to commercial (57% of sales) and military aerospace (43% of sales) customers. The business generated US$378 million in revenues and an operating profit of US$79 million in 2010. Meggitt expects the acquisition to be immediately earnings enhancing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-21 Danrad Holding ApS.

Bronshoj, Denmark

Danrad Holding ApS. is a manufacturer of blood gas testing equipment.

Buy -
Mergr

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