Danaher Corp. will acquire all of Leica Geosystems’ shares for an aggregate price of approximately $950 million. Danaher offered 500 Swiss francs per share—about $386—to shareholders. Leica Geosystems’ board of directors reports that Danaher has pledged to maintain Leica’s identity and safeguard customer and employee interests.

“Danaher shares the same values of innovation and customer focus and will be a good partner to further strengthen Leica Geosystems’ position as a leading global company in the attractive geospatial information market,” says Leica Geosystems CEO Hans Hess. “The friendly approach of Danaher will allow us to build a strong common vision on how the company can continue to explore its full potential.”]

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