Danaher and NETSCOUT Systems Announce Business Combination
October 13, 2014
On 10/13/14, Tektronix Communications’ parent company, Danaher Corporation (NYSE: DHR), announced an agreement to merge its Communications business (including Tektronix Communications, Arbor Networks, Fluke Networks, and VSS Monitoring) with NETSCOUT Systems (NASDAQ: NTCT) in a tax-free transaction, creating a premier global provider of network management solutions for carrier and enterprise customers. The data cabling tools business and carrier service provider (CSP) tools business of Fluke Networks will be retained by Danaher.
Danaher’s President and CEO, Thomas P. Joyce, Jr., said, “We are excited about today’s announcement, which is the culmination of a multi-year discussion to work together with NETSCOUT. This is a powerful and unique opportunity to combine highly complementary businesses in a transaction that will benefit all Danaher and NETSCOUT stakeholders, including shareholders, customers and associates. We believe the combined company will be able to enjoy strong growth, drive further innovation and serve our customers in a more comprehensive way.”
James A. Lico, Danaher’s Executive Vice President, added, “NETSCOUT’s high-performance monitoring technology combined with our premier troubleshooting, cyber security and engineering solutions will create a comprehensive suite of best-in-class solutions in the industry today. The combined company will offer even greater breadth and depth across both carrier and enterprise networks, expanding opportunities for innovation and growth while improving our customers’ overall experience with comprehensive software based solutions.”
For more details, click here for the press release.