Danaher,the Washington,D.C. diversified technology company,is acquiring biomedical testing firm Beckman Coulter for 83.50 a share.Beckman Coulter develops,manufactures and markets products that simplify,automate and innovate complex diagnostic systems and research instruments.These products are used by hospitals and clinics to diagnose,make treatment decisions and monitor patients;and by research establishments to study the causes of diseases and possible therapies for them.
Danaher CEO H.Lawrence Culp,Jr. described Beckman as an iconic company with a great brand,broad reach and technology leadership;well-positioned in the markets it serves.It will be an excellent complement to Danaher's Life Sciences and Diagnostics platform,Mr.Culp believes.
An industrial conglomerate,Danaher's portfolio of products-in four segments and seven platforms-test,measure,identify,control,manipulate and detect for a number of industrial and professional applications,from dentistry and inventory to auto repair.Most notably,Danaher owns the Craftsman hand tools brand.
Danaher(DHR),Beckman Coulter(BEC)
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