Veralto (VLTO) said Tuesday that it has agreed to acquire In-Situ for $435 million, or $422 million after tax benefits are factored in.
Veralto said it expects to fund the acquisition of the Colorado environmental water measurement and monitoring services provider with cash on hand. It added that it expects a double-digit return on the investment by year five.
The deal is expected to close in Q1.
Veralto also said it has authorized a $750 million share repurchase program.
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