About This Deal

Danaher Corporation acquired Keithley Instruments, Inc. for approximately $300 million ($21.60 per share cash), a transaction completed in December 2010.

Keithley Instruments, Inc. operates in Electronic Test / Test & Measurement, is based in Cleveland, Ohio, USA. Keithley Instruments, acquired in 2010, expanded Danaher's Test & Measurement business in precision electronic measurement.

Expanded Danaher's Test and Measurement platform.

Deal Terms

Acquirer
Danaher Corporation
Target
Keithley Instruments, Inc.
Value
Approximately $300 million ($21.60 per share cash)
Date
December 2010
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
Cleveland, Ohio, USA
Segment
Electronic Test / Test & Measurement
Announced
September 1, 2010
Closed
December 1, 2010

In Their Words

We established our Test & Measurement business in 1998 through the acquisition of Fluke Corporation, and have expanded the business through numerous subsequent acquisitions, including the acquisition of Tektronix, Inc. in November 2007 and Keithley Instruments, Inc. in 2010.Danaher Corporation FY10 10-K, Item 1 Business description

Advisors

Advisory firms were not disclosed for this transaction.

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Sources: Press release ↗ · Last updated July 8, 2026

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