Danaher Corporation acquired American Precision Industries for approximately $246 million, including assumption of approximately $60 million of debt, a transaction completed in March 2000, structured as Cash acquisition and merger.
American Precision Industries operates in Tools and Components (motion control); heat transfer businesses held for sale. On March 27, 2000, American Precision Industries was acquired and merged into Danaher; its heat transfer businesses were carried as assets held for sale.
Expanded Danaher's motion control platform alongside the Kollmorgen and Warner Electric Motion acquisitions in 2000.
On March 27, 2000, American Precision Industries was acquired and merged into the Company. Total consideration was approximately $246 million, including assumption of approximately $60 million of debt.Danaher Corporation Form 10-K for fiscal year 2000 (Exhibit 13)
Advisory firms were not disclosed for this transaction.