Danaher Corporation
announced today that it has signed a definitive agreement to purchase
Leica Microsystemsfrom LM Investments for $550 million.
Headquartered in
The company, which had revenues of approximately $660 million in 2004, is represented in over 100 countries with 10 manufacturing facilities located in Europe,
The acquisition is subject to regulatory approval and customary closing conditions and is expected to close in the third quarter. Danaher expects minimal earnings per share accretion in 2005. Earnings per share accretion in 2006 is expected to be approximately $0.03.
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