Danaher Corporation acquires X-Rite, Incorporated

Danaher Corporation acquired X-Rite, Incorporated, a transaction completed in January 2012.

X-Rite, Incorporated operates in Product Identification (Esko), is based in Grand Rapids, Michigan, USA. X-Rite is a global leader in color measurement and management, producing measurement instruments, software and color standards, and it owns the Pantone color-matching system. Danaher agreed to acquire the company in April 2012 through an all-cash tender offer of $5.55 per share, valuing it at roughly $625 million including assumed debt and net of cash. The tender offer was completed the following month.

Expanded Danaher's product identification business into the adjacent color measurement market.

[Product identification] has expanded the product and geographic coverage through various subsequent acquisitions, including the acquisitions of Willett International Limited in 2003, Linx Printing Technologies PLC in 2005, EskoArtwork in 2011 and X-Rite in 2012.Danaher Corporation FY12 10-K, Item 1 Business description

Advisory firms were not disclosed for this transaction.

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