Danaher Corporation announced today that it has completed the previously announced acquisition of Accu-Sort Systems, Inc. for approximately $63 million plus an earn out based upon certain performance conditions payable in the future. Accu-Sort, with approximately $90 million in revenues, is a leading manufacturer and marketer of stationary scanners used most commonly in manufacturing, distribution and sortation applications.

Danaher also announced today that Craig B. Purse, 47 years old, President of Videojet Technologies, has been appointed Vice President and Group Executive, with responsibility for the company's Product Identification platform and the company's newest acquisition, Accu-Sort Systems, Inc.

Mr. Purse joined Danaher in 1986 as the controller of Dynapar Corporation. After progressively responsible roles within Danaher's instrument group, in June 2000 he was promoted to President of Industrial Controls. Mr. Purse assumed his most recent role, as President of Videojet, in March 2002. He earned a Bachelor of Science degree in Business Administration, from the University of Wisconsin in 1978, his CPA in 1982, and his Masters in Business Administration from the University of Chicago in 1991.

H. Lawrence Culp, Jr., President and Chief Executive Officer, stated, "During his years with Danaher, Craig Purse has demonstrated excellent commercial and operational skills and a passion for the Danaher Business System. His commercial acumen and his experience in driving superior levels of performance in Quality, Delivery, Cost and Innovation will serve him and his management team well as Accu-Sort is added to the Product Identification platform."

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

Statements in this release that are not strictly historical may be "forward-looking" statements, which involve risks and uncertainties. These include risks and uncertainties relating to customer and supplier relationships and prices, competition, market demand, litigation and other contingent liabilities, the integration and operation of acquired businesses, and economic, political, governmental and technological factors affecting the Company's operations, markets, products, services and prices, among others, as set forth in the Company's SEC filings.

SOURCE: Danaher Corporation