Danaher Corporation has entered into a definitive merger agreement with X-Rite, Incorporated where it will acquire X-Rite, which includes design industry color provider Pantone.
Danaher, headquartered in Washington, D.C., is a science and technology company that designs, manufactures and markets products and services to professional, medical, industrial, and commercial customers.
“We are excited about the opportunity to acquire two premier brands in X-Rite and Pantone,” said William K. Daniel II, executive vice president of Danaher. “Color measurement is an attractive market adjacency to our existing Product Identification businesses.”
Upon closing, X-Rite will be part of Danaher’s Product Identification group. The transaction is expected to be completed during the second quarter of 2012.