Danaher (NYSE:DHR) and Fortive (NYSE:FTV) is considering teaming up to make a bid for U.K. engineering firm Renishaw (OTC:RNSHY), and then would split up the business after completing a purchase, Bloomberg reports.
Renishaw, which has been exploring a sale, also may approach rival engineering and precision measurement companies such as Ametek (NYSE:AME), Mettler-Toledo (NYSE:MTD), Japan's Keyence (OTCPK:KYCCF) and France's Schneider Electric (OTCPK:SBGSY), according to the report.
Swedish rival Hexagon and a few private equity firms are said to have also shown interest.
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