Markus Lusser is the new President and Director of Leica Microsystems, headquartered in Wetzlar, Germany. This appointment became effective July 1, 2015. He succeeds Andries Peter Jan van den Broek who has left the company. Before joining Leica Microsystems, Markus Lusser was Vice President ... more
Danaher Announces Definitive Agreement to Acquire Leica Microsystems
Danaher Corporation announced that it has signed a definitive agreement to purchase German-based Leica Microsystems AG from LM Investments S.à r.l. The purchase price amounts to an enterprise value of approximately EUR450 million, including assumed debt, pension liabilities, transaction costs and net of cash acquired.
The acquisition is subject to regulatory approval and customary closing conditions and is expected to close in the third quarter. Danaher expects minimal earnings per share accretion in 2005. Earnings per share accretion in 2006 is expected to be approximately EUR0.025.
H. Lawrence Culp, Jr., Danaher's President and Chief Executive Officer, said: "This transaction makes strong strategic and financial sense for both companies. Leica Microsystems' technology in high precision optical instrumentation and its well-known brand will extend Danaher's Professional Instrumentation segment into life sciences while complementing our existing critical care diagnostics and dental businesses. Leica Microsystems has an excellent management team, and working together we can improve the company's long-term performance and augment its growth on a global scale - both organically and through add-on acquisitions. We are pleased to have such a well-respected company become part of Danaher."
Dr. Wolf-Otto Reuter, Chief Executive Officer of Leica Microsystems, said: "We are very pleased to be announcing this partnership with Danaher. They are a long-term strategic investor with global resources that truly understands our engineering heritage and are committed to our future growth. As part of Danaher, we expect to be able to extend Leica Microsystems' leadership in its fields of operation, particularly in medicine and biotechnology."
The Scientist magazine has chosen the Leica TCS SP8 STED 3X as one of the Top 10 Innovations 2014 that will change the way life scientists work. An independent jury of experts from science and industry selected the latest generation of Leica Microsystems’ super-resolution microscopes. This ... more
On Monday, October 20, 2014, Yale University West Campus will open the doors to a new microscopy Center of Excellence made possible through a partnership with Leica Microsystems. Housed in a newly created core facility, the Leica Center of Excellence at Yale West Campus will provide scienti ... more
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Danaher Corporation announced that it has entered into a definitive merger agreement with Pall Corporation pursuant to which Danaher will acquire all of the outstanding shares of Pall for $127.20 per share in cash, or a total enterprise value of approximately $13.8 billion, including assume ... more
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