Fluke Corporation, part of the Danaher family of companies, has announced that Danaher intends to acquire Lifschultz Industries, including its wholly owned operating subsidiary, Hart Scientific.
Hart Scientific designs, manufactures, and markets scientific and industrial temperature measurement and calibration equipment at its facility in American Fork, Utah, employing approximately 100 people.
Under the agreement, Hart will become part of the Fluke Precision Measurement group while continuing to do business as Hart Scientific.
Danaher intends to commence a tender offer for Lifschultz’s outstanding shares. The offer will be subject to certain conditions, including that at least a majority of Lifschultz’s outstanding shares, on a fully diluted basis, are tendered without withdrawal prior to the expiration of the offer and clearance of the transaction under applicable governmental agencies’ regulations. The transaction is scheduled to close upon final regulatory approval.
The Hart Scientific product line includes primary standards, thermometer readouts and probes, temperature baths, industrial calibrators and software. Primary and secondary laboratories, as well as a growing number of manufacturing companies who rely on temperature controls for manufacturing processes, use the equipment. These industries include pharmaceuticals, petrochemical and food products.