WASHINGTON, Dec. 15 -- Danaher Corp. announced it has signed a definitive agreement to purchase the Gendex division of Dentsply International Inc. for approximately $102.5 million in cash. The acquisition is subject to regulatory approval and customary closing conditions.
Gendex, headquartered in Des Plaines, Ill., makes dental imaging products, including intra-oral and panoramic x-ray machines, digital radiography systems, intra-oral cameras and film processors.
"Gendex is a business with an excellent brand name and demographics," said H. Lawrence Culp Jr., Danaher's president and CEO. "In addition, the industry is still early in a technology conversion -- a shift from film-based to digital imaging -- that has been driving above-average growth for the past several years. We see Gendex as an attractive business in its own right, as well as an opportunity to participate in a market with strong long-term fundamentals."
Danaher makes products in two principal businesses: process/environmental controls and tools and components, including electronic test and motion control sytems.
For more information, visit: www.danaher.com