About This Deal
Danaher Corporation acquired Larsen & Toubro (petroleum dispenser business), a transaction completed in January 2010. The deal was a Carve-out.
Larsen & Toubro (petroleum dispenser business) operates in Industrial Technologies (Gilbarco Veeder-Root), is based in India. Danaher acquired the petroleum dispenser business of Larsen & Toubro, an Indian manufacturer of retail petroleum equipment, to expand its presence in emerging markets.
Acquired to expand Danaher's presence in emerging markets for retail petroleum equipment.
Deal Terms
Acquirer
Danaher Corporation
Target
Larsen & Toubro (petroleum dispenser business)
Value
Not disclosed
Date
January 2010
Type
Carve-out
Status
Ready
Transaction Details
Target HQ
India
Segment
Industrial Technologies (Gilbarco Veeder-Root)
Announced
January 1, 2010
Closed
January 1, 2010
In Their Words
To expand its presence in emerging markets, the Company has signed an agreement to acquire the petroleum dispenser business of Larsen & Toubro, an Indian manufacturer of retail petroleum equipment.Danaher Corporation FY09 10-K, Item 1 Business description
Advisors
Advisory firms were not disclosed for this transaction.
Related Deals & Entities
Sources:
Press release ↗
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