Fluke Announces Agreement to Acquire Thermographic Equipment Provider Infrared Solutions
EVERETT, Wash., September 2005 - Fluke Electronics Corporation announced today that it has agreed to acquire Infrared Solutions, a leading provider of portable thermography products. Founded in 1994 and headquartered in Plymouth, Minnesota, Infrared Solutions is privately owned and recognized as an innovator in the application of infrared (IR) technology for commercial and industrial use. The company designs, manufactures and sells a broad array of thermal imaging products for applications across a number of channels including predictive and preventive maintenance. The company's products include the IR FlexCam® and IR InSight®, which are rugged, easy-to-use, portable thermographic cameras with advanced reporting software. Fluke expects the transaction to close during the fourth quarter of 2005, following satisfaction of certain customary closing conditions.Fluke Corporation is the world leader in compact, professional electronic test tools. Fluke customers are technicians, engineers, electricians and metrologists who install, troubleshoot, and manage industrial electrical and electronic equipment and calibration processes for quality control. Fluke introduced its first thermography product earlier this year with the release of the Fluke Ti30. For more information on Fluke Corporation and its products and services, visit www.fluke.com.Statements in this document regarding the proposed acquisition of Infrared Solutions, the timing of the proposed acquisition, Infrared Solutions' business strategies and any other statements about future expectations, beliefs, goals, plans or prospects constitute forward looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact should also be considered to be forward looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward looking statements, including the ability to consummate the transaction and the other factors described in Danaher's Annual Report on Form 10-K for the year ended December 31, 2004 and its most recent quarterly report filed with the SEC. The Company disclaims any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this release.
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