Danaher Corporation announced today that it has completed the acquisition of Marconi Commerce Systems, formerly known as Gilbarco, from Marconi plc (MONI.L) for $325 million. Gilbarco, with approximately $500 million in revenues, is a global leader in retail automation and environmental products and services.

"We are very excited about the addition of Gilbarco to the Danaher family of companies. The acquisition of Gilbarco expands our product offering of integrated automation and environmental products and services for our retail petroleum customers," remarked H. Lawrence Culp, Jr., Danaher's President and Chief Executive Officer. "Our ability to leverage the Danaher Business System into a company with outstanding global brands and customer relationships affords us a unique opportunity to provide unparalleled service to our customers and to enjoy continued growth."

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.

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SOURCE: Danaher Corporation