Product category:
Electric Linear Actuators
News Release from: Danaher Motion
Edited by the Engineeringtalk Editorial
Team on 06 September 2002
Danaher to acquire Thomson Industries
Danaher Corporation has entered into a definitive agreement to purchase Thomson Industries for $165 million, plus additional contingent consideration based on the future performance of Thomson.
Danaher Corporation has entered into a definitive agreement to purchase Thomson Industries for $165 million, plus additional contingent consideration based on the future performance of Thomson The closing of the transaction is subject to certain customary conditions
This article was originally published on Engineeringtalk on 17 May 2000 at 8.00am (UK)
Related stories
Ball screw line offers very high traverse speeds
Thomson IBL Company announces a new Rotating Nut Ball Screw Line that can increase traverse speeds up to 200 metres per minute
Clevis-to-Clevis Actuators launched
Thomson Saginaw announces the availability of new AC, DC and miniature Clevis-to-Clevis Performance Pak Actuators (CPPA).
Danaher does not expect the acquisition to materially affect Danaher's 2002 earnings per share.
Thomson Industries, with 2001 revenues of $173 million, will become a key part of the Danaher Motion Control platform.
Thomson is the leading US producer of linear motion control products - including actuators, linear bearings and shafting, ball screws, linear guides, gearheads, precision balls, engineered polymer bearings, stepper motors and custom linear systems.
Key served markets include: industrial machinery, medical, automotive, semiconductor, aerospace and mobile off-highway equipment.
Danaher Motion will combine its existing linear component and actuator businesses with Thomson Industries to create Danaher Linear Motion Systems - a strong global competitor in the linear motion field.
"With the acquisition of Thomson, Danaher Linear Motion Systems will offer our customers the broadest range of standard and custom linear motion solutions in the market today", said H Lawrence Culp Jr, President and Chief Executive Officer of Danaher Corporation.
"Thomson is known as the pioneer in linear technology in North America, and is an excellent extension of Danaher's broad leadership in Motion Control.
Given the synergies derived from the combination of the businesses, we believe that the reach of the already strong Thomson brand will be greatly extended".
Culp continued, "Danaher and Thomson have product offerings and capabilities that are highly complementary.
Coupling Danaher's proven capabilities in applying the Danaher Business System with Thomson's technological and commercial leadership in linear products will assure customers the most cost effective, highest quality, and shortest lead time linear solutions available today".
• Danaher Motion: contact details and other news
• Email this article to a colleague
• Register for the free Engineeringtalk email newsletter
• Engineeringtalk Home Page
Search the Pro-Talk network of sites
