WASHINGTON -- Danaher Corp. here today announced it has acquired Microtest Inc., a Phoenix-based supplier of test, measurement, and instrumentation equipment, for $74 million in stock.
Under the terms of the agreement, Microtest's network test and measurement operations will be combined with Danaher's Fluke Networks subsidiary.
Microtest also manufactures and sells disk storage devices. This product line is subject to divestiture, pending review by Danaher.
"Fluke Networks and Microtest are a natural fit," said H. Lawrence Culp Jr., president and chief executive of Danaher. "The combined Fluke Networks/Microtest organization will be well positioned to provide engineering, sales and support in the network test, analysis and monitoring marketplace."
Danaher is a manufacturer of process/environmental control systems, tools, and components.