Danaher Corporation Announces Agreement to Acquire United Power Corporation
PRNewswire
WASHINGTON

Danaher Corporation announced today that it has executed a definitive agreement to acquire United Power Corporation, a leading manufacturer of power quality products, for approximately $100 million. United Power's current parent is Delta plc (DLTA: LN). The transaction is subject to regulatory and certain other customary closing conditions. Danaher expects the effect of the acquisition to be neutral to slightly positive to 2001 earnings.

United Power, with revenues of approximately $40 million, designs and manufactures electrical power distribution units and other power quality products used to regulate and condition power in data, telecom and factory applications.

Delta plc is an international electrical and engineering services group.

Danaher Corporation is a leading manufacturer of Process / Environmental Controls and Tools and Components (http://www.danaher.com/).

Statements in this release that are not strictly historical may be "forward-looking" statements, which involve risks and uncertainties. These include economic and currency conditions, market demand, pricing, and competitive and technological factors, among others, as set forth in the company's SEC filings.

SOURCE: Danaher Corporation

Contact: Patrick Allender, Chief Financial Officer of Danaher
Corporation, 202-828-0850