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Danaher Corporation Announces Signing a Definitive Agreement to Acquire LEM Instruments

Danaher Corporation announced today that it has signed a definitive agreement to purchase LEM Instruments, a division of Swiss based LEM Group for approximately $57 million in cash including transaction costs and net of cash acquired. With primary operations in the United Kingdom and Austria, LEM Instruments produces and sells a comprehensive array of electrical measurement solutions used in both commercial and industrial applications. The business generated fiscal 2004 revenues of approximately $45 million and will become a part of Danaher's Electronic Test platform. The company expects minimal accretion in 2005. The acquisition remains subject to regulatory approval and other customary closing conditions and is expected to close in the first quarter of 2005.

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. These forward-looking statements include statements about future business operations, financial performance, market conditions and the integration of the LEM Instruments and Danaher businesses. Such forward-looking statements involve risks and uncertainties as set forth in the Danaher's filings with the United States Securities and Exchange Commission.

SOURCE: Danaher Corporation

CONTACT: Andy Wilson, Vice President, Investor Relations, of Danaher
Corporation, +1-202-828-0850