Danaher Corporation has announced that it has entered into a definitive agreement to purchase Thomson Industries, Inc. for $165 million and an additional contingent consideration based on the future performance of Thomson.
Thomson Industries is said to be the leading US producer of linear motion control products – including linear actuators, ball screws, linear bearings and rails and precision gearboxes – for a range of precision motion applications in medical, industrial and aerospace markets.
Danaher Motion will combine its existing linear actuator and component businesses with Thomson Industries to create a global competitor in linear motion.
The closing of the transaction is subject to certain customary conditions. Danaher expects the acquisition to be neutral to Danaher’s 2002 earnings per share.