Harris Corporation is to sell its telecom tools, test sets, and test systems product lines to Danaher Corporation for approximately $50 million in cash.
The business is currently part of the company’s ‘Network Support Segment’, and provides products for telecommunications maintenance and installation professionals.
Located in Camarillo, CA, the business employs approximately 100 people and had fiscal year 2003 revenue of $32 million.
Harris’ NetBoss network operations software business, which is also part of the Network Support segment, is not included in the sale.
The transaction is expected to close later this month and Harris expects to realise a gain from the sale.