Danaher Corporation acquired Hach Company for approximately $325 million ($18.50 per share), a transaction completed in January 1999.
Hach Company operates in Environmental (Water Quality). Danaher entered the water-quality sector in 1996 and acquired Hach Company in 1999, building a worldwide leader in water-quality instrumentation, consumables and services for municipal, industrial and laboratory water testing.
The acquisition expanded Danaher's water quality business, enhancing its geographic coverage and product and service breadth.
We entered the water quality sector in 1996 and have enhanced our geographical coverage and product and service breadth through subsequent acquisitions including Dr. Lange, Hach Company, and Viridor Instrumentation, which was acquired in February 2002.Danaher Corporation FY02 10-K, Item 1 Business description
Advisory firms were not disclosed for this transaction.