On September 6, 2017, LANDAUER, Inc. (NYSE: LDR), a recognized leader in personal and environmental radiation measurement and monitoring and outsourced medical physics services, announced that it had entered into a definitive agreement to be acquired by Fortive Corporation (NYSE: FTV). Under the terms of the agreement, Fortive will acquire all outstanding LANDAUER shares, including the assumption of debt and net of acquired cash. The agreement was unanimously approved by LANDAUER’s Board of Directors.
Fortive is a diversified industrial growth company, based in Everett, Washington. Fortive is comprised of Professional Instrumentation and Industrial Technologies businesses that are recognized leaders in attractive markets with well-known brands in field instrumentation, transportation, sensing, product realization, automation and specialty, and franchise distribution. The company was formed as a spin-off from the global science and technology company Danaher Corporation in 2016.