Fortive Corporation acquires Landauer, Inc.
The deal at a glance
Fortive Corporation acquired Landauer, Inc. for approximately $770 million net of acquired cash ($67.25 per share), a transaction completed in October 2017, structured as all cash.
Landauer, Inc. operates in Professional Instrumentation, is based in Glenwood, Illinois (global operations). Landauer is a leading global provider of subscription-based technical and analytical services to determine occupational and environmental radiation exposure, as well as a provider of outsourced medical physics services. Acquired via merger of Fern Merger Sub Inc. into Landauer (NYSE: LDR).
Adds recurring subscription-based radiation-monitoring services to Fortive's professional instrumentation portfolio.
Recurring subscription revenue model in radiation safety monitoring. Professional Instrumentation segment
No advisory firms have been disclosed for this transaction.