The Associated Press has reported that Danaher Corp. is buying test and measurement equipment maker Tektronix Inc. for $2.85 billion in a move to expand its electronic testing business. The sale is set to close in the fourth quarter of 2007. Tek will join Fluke as part of Danaher’s test and measurement division.
Danaher also makes environmental testing systems, bar code readers, dental products, medical instruments, and hand tools and accessories. The company earned $1.12 billion on sales of $9.6 billion in 2006.
