News Article
Leica acquired by US firm Danaher
Germany-based semiconductor optics company Leica Microsystems has been bought by US giant Danaher Corporation from LM Investments for around euro 450 million.
Germany-based semiconductor optics company Leica Microsystems has been bought by US giant Danaher Corporation from LM Investments for around euro 450 million.
The acquisition is subject to regulatory approval and customary closing conditions and is expected to close in the third quarter.
Danaher president and chief executive officer H Lawrence Culp said the transaction made good strategic and financial sense for both companies.
"Leica Microsystems' technology in high precision optical instrumentation and its well-known brand will extend Danaher's professional instrumentation segment into life sciences while complementing our existing critical care diagnostics and dental businesses."
Leica chief executive officer Dr Wolf-Otto Reuter said: "We are very pleased to be announcing this partnership with Danaher. They are a long-term strategic investor with global resources, truly understand our engineering heritage and are committed to our future growth.
"As part of Danaher, we expect to be able to extend Leica Microsystems' leadership in its fields of operation, particularly in medicine and biotechnology."
Leica makes high-tech precision optical systems for the analysis of microstructures. It is one of the market leaders in microscopy, pathology diagnostics, surgical microscopes and semiconductor Equipment.
The company has a workforce of around 3,700 employees and generates a turnover of about euro 530 million.
The acquisition is subject to regulatory approval and customary closing conditions and is expected to close in the third quarter.
Danaher president and chief executive officer H Lawrence Culp said the transaction made good strategic and financial sense for both companies.
"Leica Microsystems' technology in high precision optical instrumentation and its well-known brand will extend Danaher's professional instrumentation segment into life sciences while complementing our existing critical care diagnostics and dental businesses."
Leica chief executive officer Dr Wolf-Otto Reuter said: "We are very pleased to be announcing this partnership with Danaher. They are a long-term strategic investor with global resources, truly understand our engineering heritage and are committed to our future growth.
"As part of Danaher, we expect to be able to extend Leica Microsystems' leadership in its fields of operation, particularly in medicine and biotechnology."
Leica makes high-tech precision optical systems for the analysis of microstructures. It is one of the market leaders in microscopy, pathology diagnostics, surgical microscopes and semiconductor Equipment.
The company has a workforce of around 3,700 employees and generates a turnover of about euro 530 million.
