Danaher Corp. Agrees to Acquire Raytek
August 23, 2002
Danaher Corp., Washington, D.C., has entered into a definitive agreement to purchase Raytek Corp., headquartered in Santa Cruz, Calif., for approximately $75 million. The closing of the transaction is subject to certain customary conditions and is expected shortly. Under the agreement, Raytek, with 2001 revenues exceeding $50 million, will become a part of Danaher's Electronic Test and Measurement platform.