Danaher will acquire all of the shares of Keithley Instruments at a purchase price of $21.60 per share in cash for an enterprise value of approximately $300 million net of cash to be assumed. Keithley Instruments manufactures electronic instruments and systems geared to the specialized needs of engineers at electronics manufacturers and academic institutions for research, product development, high-performance production testing and process monitoring.

The Company currently offers approximately 150 products used to source, measure, connect, control or communicate direct current (DC), and alternating current (AC) signals. Keithley’s product offerings include integrated systems solutions, along with instruments and data acquisition modules that can be used as system components or stand-alone solutions. Keithley serve customers in more than 80 countries and generated $102.5 million of revenue during our fiscal year ended September 2009. The net loss was given as 50.5 million US$.

Upon closing Keithley will be part of Danaher’s Tektronix business. Danaher aquired Tektronix in October 2007.

Danaher markets products and services to professional, medical, industrial, and commercial customers. Driven by a foundation provided by the Danaher Business System, the 47,000 associates serve customers in more than 125 countries and generated $11.2 billion of revenue in 2009.