Fluke Networks Inc. has entered into a definitive agreement to purchase the Camarillo, CA-based operations of Harri...
May 26, 2004
Fluke Networks Inc. has entered into a definitive agreement to purchase the Camarillo, CA-based operations of Harris Corp. for approximately $50 million in cash. The closing of the transaction is subject to certain customary conditions and is expected shortly.
The Camarillo, Calif.- based operations of Harris include the Access Test and Management and Portable Test Equipment and Tools groups. These groups deliver handheld test and measurement products for telecom technicians including butt sets, specialty tools, toners and probes.
“The acquisition of these successful product lines is an excellent, complementary fit for (our company) as we position ourselves for leadership in the telecom/outside plant test market,” said Chris Odell, president of Fluke.
“We are looking forward to becoming an important part of an organization that is clearly intent on focusing on our telecom market,” said Thomas Erdmann, vice president of the Camarillo operations for Harris. “We see tremendous opportunity for expanded sales of our tools and test set lines through Fluke Networks, especially internationally.”