Danaher Acquires Keithley Instruments For ~$300M

Deutsche Bank has published a research report on Danaher Corporation (NYSE: DHR).

In the report, Deutsche Bank writes "DHR announced the acquisition of Keithley Instruments (NYSE: KEI) a supplier of bench test and measurement equipment into the Semiconductor (~35% sales), Precision Electronics (~30%) and Education (~25%) segments where it is a solid #2 player. KEI's portfolio which sources, measures and controls direct current, radio frequency and optical signals is highly complementary to Danaher's existing T&M platform viz Tektronix."

Deutsche Bank maintains its Buy rating and $48 price target.

Danaher Corporation closed yesterday at $40.57.