Danaher Corporation has completed the acquisition of Viridor Instrumentation Limited for approximately $135 million.
Viridor, with revenues of approximately $75 million, designs and manufactures analytical instruments for clean water, wastewater, ultrapure water and other fluids and materials. Viridor is based in the United Kingdom with operations in eight countries including the United States and Switzerland. First year EPS accretion is expected to be minimal.
"We are very pleased to complete the Viridor acquisition and look forward to broadening our existing product offering and sales channels in addition to strengthening our existing business," remarked H. Lawrence Culp, Jr., Danaher's president and chief executive officer. "We expect that the combination of Viridor and our water quality group will drive increased customer satisfaction through a complete solutions approach as well as drive productivity gains through leveraging our existing infrastructure."
Source: Danaher Corporation