Monitoring Equipment | Glenwood, IL | Corporate Acquisition
Industrial technology company Fortive has agreed to purchase Landauer for $67.25 per share, or approximately $770 million including assumed cash and debt. Landauer provides subscription-based technical and analytical services to determine occupational and environmental radiation exposure. The company generated $143 million in revenue last year, more than 80% of which is considered recurring. Shares of Landauer (NYSE: LDR) jumped more than 10% Wednesday.