Fluke Networks Inc., part of the Danaher family of companies, has signed a definitive agreement to acquire Microtest, Inc., a producer of test and connectivity products. The agreementis an all-cash transaction valued at approximately $74 million, or approximately $8.15 per share.
Microtest has employees throughout the United States and various countries and had revenues of $44.6 million during the year ended December 2000.
The announcement to acquire Microtest follows recent news of Fluke Networks' acquisition of Fotec, Inc. Fluke Networks says the two acquisitions will strengthen its position as a leader in the premises copper and fiber test business.
Microtest network test and measurement products include the OMNIScanner2, PentaScanner, CertiFiber, and OMNIFiber. Headquartered in Phoenix, Microtest has international offices in Sydney, Australia; Sao Paulo, Brazil; Beijing, China; Munich, Germany; Guadalajara, Mexico; Singapore; and Crawley, United Kingdom. Information about Microtest can be found on the Web at www.microtest.com.
Headquartered in Everett, WA, Fluke Networks has over 400 employees worldwide and distributes its products in more than 50 countries. Information about Fluke Networks can be found at www.flukenetworks.com.