NEW YORK (Standard&Poor's) Jan. 20, 2006--Standard&Poor's Ratings Services said today that Danaher Corp.'s (A+/Stable/--) announcement that is has reached an agreement to an all-cash offer of roughly $634 million to acquire unrated First Technology plc has no immediate impact on our ratings on the Washington, D.C.-based diversified industrial manufacturer. First Technology, with revenues of approximately $290 million for fiscal 2005 (ended April 30), is a global leader in gas instrumentation and sensors (about 51% of sales), a manufacturer of sensors and crash switches for the automotive markets (32% of sales), and a leader in the automotive crash testing market (17% of sales). We believe that the gas instrumentation and sensing business would be the most meaningful