About This Deal

Danaher Corporation acquired Acme-Cleveland Corporation for approximately $200 million, a transaction completed in July 1996, structured as Cash tender offer.

Acme-Cleveland Corporation operates in Process/Environmental Controls and Tools and Components. Danaher obtained control of Acme-Cleveland Corporation as of July 2, 1996 via a cash tender offer; its operating businesses included Namco Controls, M&M Precision Systems, TxPort, Inc. and Communications Technology Corporation.

Added electronic controls, precision measurement and communications products to Danaher's operating segments.

Deal Terms

Acquirer
Danaher Corporation
Target
Acme-Cleveland Corporation
Value
Approximately $200 million
Date
July 1996
Type
Acquisition
Status
Ready

Transaction Details

Segment
Process/Environmental Controls and Tools and Components
Structure
Cash tender offer
Announced
March 7, 1996
Closed
July 2, 1996

In Their Words

The Company obtained control of Acme-Cleveland Corporation (Acme) as of July 2, 1996. Total consideration for Acme was approximately $200 million.Danaher Corporation Form 10-K for fiscal year 1996

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: SEC filing ↗

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