M&A Deal Summary

Danaher Acquires Esko-Graphics bvba

On January 20, 2011, Danaher acquired software company Esko-Graphics bvba from Axcel for 470M USD

Acquisition Highlights
  • This is Danaher’s 1st transaction in the Software sector.
  • This is Danaher’s 13th largest (disclosed) transaction.
  • This is Danaher’s 1st transaction in Belgium.

M&A Deal Summary

Date 2011-01-20
Target Esko-Graphics bvba
Sector Software
Buyer(s) Danaher
Sellers(s) Axcel
Deal Type Add-on Acquisition
Deal Value 470M USD

Target

Esko-Graphics bvba

Gent, Belgium
Esko-Graphics bvba is a full service solutions provider for the digital packaging design and production market. Esko focuses on smart software tools and hardware for the packaging and labels, printing and publishing industries.

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Buyer(S) 1

Buyer

Danaher

Washington, District of Columbia, United States

Category Company
Founded 1969
Sector Diversified
Employees79,000
Revenue 23.9B USD (2023)
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, District of Columbia.


DEAL STATS #
Overall 24 of 43
Sector (Software) 1 of 2
Type (Add-on Acquisition) 21 of 39
Country (Belgium) 1 of 1
Year (2011) 1 of 2
Size (of disclosed) 13 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-18 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.

Sell $685M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-07 Beckman Coulter

Brea, California, United States

Beckman Coulter develops, manufactures and markets products that simplify, automate and innovate complex biomedical testing. More than 275,000 Beckman Coulter systems operate in both Diagnostics and Life Sciences laboratories on seven continents. For more than 75 years, our products have been making a difference in peoples' lives by improving the productivity of medical professionals and scientists, supplying critical information for improving patient health and delivering trusted solutions for research and discovery.

Buy $6.8B

Seller(S) 1

SELLER

Axcel

Copenhagen, Denmark

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Axcel Management AS is a private equity firm focused on mid-market buyouts in Denmark and Sweden. Axcel primarily seeks companies with a strong Danish or Swedish base and international potential. The Firm looks to invest in companies with revenues of DKK 250 million (€ 35 million) to DKK 4 billion (€ 535 million). Axcel prefers majority positions. Axcel Management A/S was formed in 1994. The Firm is based in Copenhagen with an additional office in Stockholm.


DEAL STATS #
Overall 15 of 45
Sector (Software) 1 of 1
Type (Add-on Acquisition) 2 of 13
Country (Belgium) 1 of 1
Year (2011) 2 of 3
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-19 Netcompany

Copenhagen, Denmark

Netcompany is a provider of IT solutions and consulting services. Netcompany was founded in 2000 and is based in Copenhagen, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-01 HusCompagniet

Tilst, Denmark

HusCompagniet builds on a strong brand and business model, delivering high-quality single-family houses with great value for money. HusCompagniet was founded in 1972 and is based in Tilst, Denmark.

Sell -