Posted January 20, 2011
Danaher buys Belgian packaging company
Danaher Corporation has signed a definitive agreement to acquire EskoArtwork, a full service solutions provider for the digital packaging design and production market.
The company paid $470 million based on current exchange rates. Upon closing, the business will become a part of Danaher's Product Identification platform. Headquartered in Ghent, Belgium, and with revenues of approximately $247 million in its most recent completed fiscal year, EskoArtwork's suite of software and hardware solutions helps its customers reduce digital design cycle time and ensure integrity throughout the packaging material supply chain.
The transaction is subject to customary closing conditions and is expected to close in the first half of 2011.
