M&A Deal Summary

Danaher Acquires LEM Instruments & Meters Co.

On December 23, 2004, Danaher acquired test/measurement equipment company LEM Instruments & Meters Co. from LEM for 57M USD

Acquisition Highlights
  • This is Danaher’s 3rd transaction in the Test/Measurement Equipment sector.
  • This is Danaher’s 22nd largest (disclosed) transaction.
  • This is Danaher’s 1st transaction in China.

M&A Deal Summary

Date 2004-12-23
Target LEM Instruments & Meters Co.
Sector Test/Measurement Equipment
Buyer(s) Danaher
Sellers(s) LEM
Deal Type Divestiture
Deal Value 57M USD

Target

LEM Instruments & Meters Co.

Beijing, China
LEM Instruments & Meters Co. Ltd. produces and sells a comprehensive array of electrical measurement solutions used in both commercial and industrial applications.

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Buyer(S) 1

Buyer

Danaher

Washington, District of Columbia, United States

Category Company
Founded 1969
Sector Diversified
Employees61,000
Revenue 23.9B USD (2024)
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 10 of 43
Sector: Test/Measurement Equipment M&A 3 of 9
Type: Divestiture M&A Deals 3 of 4
Country: China M&A 1 of 1
Year: 2004 M&A 4 of 4
Size (of disclosed) 22 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-20 Trojan Technologies

London, Ontario, Canada

Trojan Technologies enables customers to meet their water quality objectives by providing eco-efficient solutions that reduce and recover costs, energy, resources and space. The Trojan Technologies group of businesses offers products under the brands Aquafine, OpenCEL, Salsnes Filter, Trojan Marinex, TrojanUV, US Peroxide and VIQUA. Applications and markets served include municipal wastewater, drinking water, environmental contaminant treatment; ballast water treatment; residential water treatment ultrapurification of water used in food and beverage manufacturing, pharmaceutical processing and semiconductor applications; filtration and solids separation.

Buy $185M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-28 DEXIS

Hatfield, Pennsylvania, United States

DEXIS is an industry leader in developing high quality digital imaging solutions for the dental community. We build strong partnerships with our doctors and their teams, based on long-term, interactive relationships. We understand the clinical environment and devote our resources to bringing practical innovations and enhancements that benefit both practices and patients.

Buy -

Seller(S) 1

SELLER

LEM

Meyrin, Switzerland

Category Company
Founded 1972
Sector Energy Services and Equipment
Employees1,800
Revenue 307M CHF (2025)
DESCRIPTION

LEM is a provider of innovative and high quality solutions for measuring electrical parameters. Its core products - current and voltage transducers - are used in a broad range of applications in drives & welding, renewable energies & power supplies, traction, high precision, conventional and green cars businesses. LEM’s strategy is to exploit the intrinsic strengths of its core business, and to develop opportunities in existing and new markets with new applications. It has production plants in Beijing (China), Geneva (Switzerland), Sofia (Bulgaria) and Tokyo (Japan). With regional sales offices near its customers’ locations, the company is able to offer a seamless service around the globe. LEM was founded in 1972 and is based in Meyrin, Switzerland.


DEAL STATS #
Overall 1 of 1
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2004 M&A 1 of 1
Size (of disclosed) 1 of 1