MELBOURNE, Fla., May 10 -- Harris Corp. has signed an agreement to sell its telecom tools, test sets and test systems product lines to Danaher Corp. for approximately $50 million in cash, subject to adjustments at closing.
This business is currently part of Harris Corp.'s Network Support segment, which provides products for telecommunications maintenance and installation professionals. Located in Camarillo, Calif., the business employs approximately 100 people.
Harris' NetBoss network operations software business, which is also part of the Network Support segment, is not included in the sale.
The transaction is expected to close later this month.
For more information, visit: www.harris.com