Danaher Corporation acquired Larsen & Toubro (petroleum dispenser business), a transaction completed in January 2010. The deal was a Carve-out.
Larsen & Toubro (petroleum dispenser business) operates in Industrial Technologies (Gilbarco Veeder-Root), is based in India. Danaher acquired the petroleum dispenser business of Larsen & Toubro, an Indian manufacturer of retail petroleum equipment, to expand its presence in emerging markets.
To expand its presence in emerging markets, the Company has signed an agreement to acquire the petroleum dispenser business of Larsen & Toubro, an Indian manufacturer of retail petroleum equipment.Danaher Corporation FY09 10-K, Item 1 Business description
Advisory firms were not disclosed for this transaction.