Wednesday, September 29, 2010

Danaher Buys Keithley!

Big acquisition news for test and measurement and GPETE, Danaher buys Keithley Instruments for 341 million! For those of you who do not know who Danaher Corporation is, they have a $26.5 billion market cap and they provide a wide breath of products in the following industries: Professional Instrumentation, Medical Technologies, Industrial Technologies and Tools & Components. The last few years Danaher has been an acquisition machine in the test and measurement world gobbling up well known names such as Tektronix and Fluke. For more information on Danaher click here.


Keithley is a well known name in both test and measurement and GPETE. Some of Keithley's product lines include DMMs, current sources, high speed power supplies, and switch products. For more information on Keithley click here. Danaher has reported that they plan to add Keithley to their Tektronix business. It will be interesting to see what Danaher does with Keithley product lines that overlap with their current product lines, such as 6 1/2 digit bench top DMMs. If I were to speculate I would say in the coming years we will see one of three things happen to Keithley product lines:

  1. Product lines that Keithley is well known for such as SMUs and Parametric test equipment will live on with the Keithley name.
  2. Switching and GPETE product lines that Danaher does not have will probably take on the Tektronix name since it seems Danaher is really trying to extend the Tek name beyond scopes and arbs.
  3. Product lines that Danaher already has and that Keithley OEMs will go away.
Of course all that is pure speculation on my part. Feel free to comment with your thoughts. Below is a link to an LA Times article on the acquisition.

6 comments:

  1. What about the rumor that Danaher is looking to buy Agilent? Any truth in that?

    Will.

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  2. I haven't heard that rumor, but than again I am just a lowly Application Engineer so I probably would be one of the last to find out. Agilent is about 12 billion market cap and Danaher is about 26 billion so that is a pretty big purchase for them. Also we are healthy financially so I would say probably not. But anything thing is possible in the corporate world.

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  3. I live in Spokane,WA and worked as a R&D Technician for Agilent until 8 years ago. Agilent went from 2000 people here in Spokane down to about 70 over the last 10 years, and they are now closing the doors of the operation here. It was from some of those 70 people still there, that I heard the rumor. Just wondering if anyone else had heard it outside of Spokane.
    Thanks for the conversation.

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