Danaher Corporation acquired Pacific Scientific Company for approximately $420 million, a transaction completed in January 1998.
Pacific Scientific Company operates in Motion. Danaher entered the precision-motion-control industry through the 1998 acquisition of Pacific Scientific Company, the foundation of its Motion platform serving packaging, medical, robotics, circuit-board-assembly and electric-vehicle markets.
The acquisition marked Danaher's entry into the precision motion control industry and formed the core of its Motion platform.
We entered the motion industry through the acquisition of Pacific Scientific Company in 1998, and have subsequently expanded our product and geographic breadth with various additional acquisitions, including American Precision Industries, Kollmorgen Corporation, the motion businesses of Warner Electric Company, and Thomson Industries.Danaher Corporation FY02 10-K, Item 1 Business description
Advisory firms were not disclosed for this transaction.