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Danaher Corporation Announces Signing a Definitive Agreement to Acquire Marconi Data Systems

Danaher Corporation announced today that it has signed a definitive agreement to purchase Marconi Data Systems, formerly known as Videojet, from Marconi plc for $400 million. The acquisition remains subject to regulatory approval and other customary closing conditions.

Videojet, with approximately $300 million in revenues, is a worldwide leader in the market for product identification equipment and consumables. First-year Danaher EPS accretion is expected to be minimal.

"Videojet's strong global brand, broad product offering and significant aftermarket revenue base combine to create a terrific company and an exciting addition to Danaher," commented H. Lawrence Culp, Jr., Danaher's President and Chief Executive Officer. "Videojet competes in a large, fragmented global market that offers us the opportunity to grow this new strategic platform both organically and through additional acquisitions. As always, we are excited about the value the Danaher Business System can bring to this business."

Danaher will hold a brief conference call today at 9:00 a.m. Eastern Time to discuss the agreement. The dial in number is 719-457-2618, confirmation code is 748754. A replay will be available by dialing 719-457-0820, confirmation code 748754 after the completion of the call.

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

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, +1-202-828-0850