Danaher Corporation
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Danaher Corporation
Danaher Corporation
Public
Traded asNYSEDHR
S&P 100 component
S&P 500 component
ISINUS2358511028 Edit this on Wikidata
IndustryConglomerate
Founded1969; 50 years ago (1969) (as DMG) 1984; 35 years ago (1984) (as Danaher)
FounderMitchell Rales, Steven M. Rales Edit this on Wikidata
HeadquartersWashington, D.C., U.S.
Area served
Worldwide
Key people



(Chairman of the Executive Committee)



Revenue
OwnerT. Rowe Price (0.1209), Fidelity Investments (0.0528), The Vanguard Group (0.0486) Edit this on Wikidata
Number of employees

DivisionsList of divisions
WebsiteDanaher.com
Footnotes / references
[1]

Danaher Corporation is a globally diversified conglomerate with its headquarters in Washington, D.C., United States. Danaher is ranked 162nd on the 2018 Fortune 500 list.[2] It operates in three segments: environmental & applied solutions[buzzword], life sciences and diagnostics.[3] Danaher is currently ranked by Forbes as one of the best employers for diversity.[4]

History

The company was organized in 1969 as a Massachusetts real estate investment trust under its former name DMG, Inc. In 1978, DMG, Inc. was reorganized as a Florida corporation and changed its name to Diversified Mortgage Investors, Inc. Eventually, the company adopted the name Danaher in 1984 and was reincorporated as a Delaware corporation.[1] In June 1986, Danaher purchased Chicago Pneumatic ("CP"), which had just recently merged in July 1984 with a sister company, The Jacobs Manufacturing Co. ("Jacobs"), and which had purchased Matco Tools Corp. ("MTC") in April 1981.

Danaher in June 1987 sold CP while retaining Jacobs, including its Matco Tools Division. Jacobs' name was changed to Matco Tools Corp. in November 1991, and the other divisions within Jacobs were established as separate operating companies. In January 1993, Danaher formed NMTC, Inc., which acquired a substantial portion of the assets of MTC, including the existing distributorship agreements of MTC.

The company is named after Danaher Creek in western Montana. It was fishing in this creek where the Rales brothers, Steven and Mitchell, envisioned a new kind of manufacturing company dedicated to continuous improvement.[5] Danaher was one of the first companies in North America to adopt "kaizen" principles to manufacturing.[6]Kaizen being a Japanese philosophy of continuous improvement, and elimination of waste (see lean manufacturing).

Within two years of Danaher Corp.'s founding in 1984, Danaher Corp. acquired 12 companies as part of a strategy to enter the manufacturing business. Therefore, in 1986 Danaher added Qualitrol to its instrumentation unit.[7] The unit also included Gilbarco Veeder-Root's underground fuel storage sensors, Dynapar's motion sensors[8] and Qualitrol's pressure and temperature measurement instruments, used on the electrical transformer industry.[9]

The Danaher Motion group acquired Kollmorgen, of Radford, Virginia.[10]

1990-2000

1990 Danaher acquires Easco Hand Tools Inc.[11] 1991 Danaher is selected as exclusive supplier of handtools for Sears. 1994 Danaher acquires the tool company Armstrong- makers of tool brands Armstrong, Allen, and others. Since 1999 Danaher owns 100% of Hach company, broadening the portfolio of chemical, mainly water and wastewater, analytics also with the German company Lange.

2005-2006

UK-based West Instruments provides control and measurement instrumentation solutions[buzzword] and services for the global industrial and process markets. German instrumentation manufacturer PMA was added to the Industrial Controls Group in 2005 and enhances the range of control and measurement instrumentation solutions.[buzzword]

In July 2005, Danaher Announces Definitive Agreement To Acquire Leica Microsystems.[12] The company manufactures a broad range of products for numerous applications requiring microscopic imaging, measurement and analysis. It also offers system solutions[buzzword] in the areas of Life Science including biotechnology and medicine, as well as the science of raw materials and industrial quality assurance.

2007-2008

In early 2007 Danaher acquired Australian Pathology Instrument and Engineering company Vision Systems Limited.[13] Also in 2007, Danaher made its largest acquisition to date, the purchase of Tektronix, Inc. for US$2.85 billion.[14][15]

2009-2010

In 2009 Danaher purchased the Analytical Technologies business unit of Canadian Life Sciences company MDS, Inc. for US$650 million.[16] In a separate, but related transaction, Danaher agreed with Life Technologies Corporation (Nasdaq: LIFE) to acquire the remaining 50% ownership position in AB SCIEX for US$450 million, leaving Danaher as outright owner of AB SCIEX and Molecular Devices. The aggregate purchase price for the combined transactions is $1.1 billion.[17]

2011-2012

In 2011 Danaher entered into a definitive merger agreement with Beckman Coulter[18] and sold Accu-sort to Datalogic.

In October 2012, Danaher Corporation and Cooper Industries agreed to sell their joint venture, Apex Tool Group, to Bain Capital for a fee of around $1.6 billion.[19] In December 2012 Danaher Corporation acquired Navman Wireless, a provider of on-demand fleet and asset management technology.[20]

2013-2014

In September 2014, Danaher Corp announced its intention to buy Nobel Biocare for $2.2 billion.[21] In October 2014, Danaher Corp announced it would be combining its communications unit with NetScout Systems.[22] The action was completed in July 2015[23]

2015-2016

In May 2015, Danaher Corp announced the acquisition of Pall for $13.8 billion,[24] which was completed in August 2015.[25]

In June 2016, Danaher spun off several subsidiaries, including Matco and AMMCO-COATS, to create Fortive.[26] In September of the same year, the company announced it would acquire Cepheid for $4 billion (including debt).[27]

In October 2016, Danaher Corporation acquired Phenomenex for $700 million to expand its life sciences space.[28]

2017-present

In October 2017, Danaher Corp announced the acquisition of scientific informatics company ID Business Solutions Ltd. (IDBS).[29] It was announced that IDBS would become part of Danaher's life sciences platform.[30]

In 2017, Danaher recorded $18.3 billion in revenue.[31]

In March 2018, the business announced it would acquire Integrated DNA Technologies for an undisclosed price.[32]

In July 2018, Danaher announced its intention to spin off its $2.8 billion Dental segment, into an independent publicly traded company. [33]

In February 2019, Danaher agreed to buy General Electric's biopharmaceutical business, GE Life Sciences, for $21.4 billion. The unit makes equipment for the research and manufacture of pharmaceuticals.[34]

In October 2019, Danaher announced it has signed an agreement to sell its biomolecular characterization, chromatography hardware and resins, microcarriers and particle validation standards businesses to Sartorius AG for approximatelu $750 million. The combined revenue of the businesses was approximately $140 million in 2018.[35]

Divisions

Other brands (Note: As of July 2016, some of these are now part of Fortive)

See also

References

  1. ^ a b "US SEC: Form 10-K Danaher Corporation". U.S. Securities and Exchange Commission. Retrieved 2018.
  2. ^ "Fortune 500 Companies 2018: Who Made the List". Fortune. Retrieved .
  3. ^ Black, Shannon. "Introducing Danaher: A Diversified Healthcare Company". Marketrealist.com. Retrieved 2016.
  4. ^ "Danaher on the Forbes Best Employers for Diversity List". Forbes. Retrieved 2019.
  5. ^ "The Danaher Story". Danaher. 2016. Retrieved 2019.
  6. ^ "Fortive and Danaher, Steven and Mitchell Rales". Fortive. Retrieved 2019.
  7. ^ "About the Company". Qualitrol. 2012. Retrieved 2012.
  8. ^ "Dynapar Motion Control Sensor Rotary Encoders & Resolvers". Dynapar. 2016. Archived from the original on 2016-08-09.
  9. ^ Dubovoj, Sina; Ingram, Frederick (2006). "Danaher Corporation". Resource Library CBS Interactive. Retrieved 2012.
  10. ^ "Danaher Corp, Form 8-K, Current Report, Filing Date Apr 1, 2003". secdatabase.com. Retrieved 2013.
  11. ^ "Danaher Acquires Easco Hand Tools". The New York Times. 1990-02-21. Retrieved 2019.
  12. ^ "Danaher Corp, Form 10-Q, Quarterly Report, Filing Date Jul 21, 2005" (PDF). secdatabase.com. Retrieved 2013.
  13. ^ "Danaher Corp, Form 10-Q, Quarterly Report, Filing Date Oct 19, 2006". secdatabase.com. Retrieved 2013.
  14. ^ "Danaher Corp, Form 8-K, Current Report, Filing Date Nov 21, 2007". secdatabase.com. Retrieved 2013.
  15. ^ "Danaher to Buy Tektronix for $2.85 Billion". The New York Times. 2007-10-16. ISSN 0362-4331. Retrieved .
  16. ^ "Danaher Corp, Form 10-K, Annual Report, Filing Date Feb 24, 2010" (PDF). secdatabase.com. Retrieved 2013.
  17. ^ https://www.theglobeandmail.com/globe-investor/mds-sells-unit-to-focus-on-isotopes/article1273003/
  18. ^ "Danaher Corp, Form 8-K/A, Filing Date Aug 10, 2011". secdatabase.com. Retrieved 2013.
  19. ^ "Deals of the day -- mergers and acquisitions". Reuters. Reuters. 10 October 2012.
  20. ^ "Danaher Corp Acquires Navman Wireless". Reuters. 29 Jan 2013.
  21. ^ "Danaher to buy Nobel Biocare for $2.2 billion". Reuters. 15 September 2014.
  22. ^ Danaher to combine communications unit with NetScout. Reuters, 14 October 2014
  23. ^ "NetScout Systems, Inc. (NASDAQ: NTCT) has completed the acquisition of Danaher Corporation's (NYSE: DHR) Communications Business. - NetScout.com". Retrieved 2016.
  24. ^ "Danaher to Acquire Pall for $13.6 Billion and Split Into Two". The New York Times. 2015-05-15. Retrieved 2019.
  25. ^ "Danaher Completes Acquisition Of Pall Corporation". Pall. Retrieved 2019.
  26. ^ Zacks Equity Research. "Danaher Completes Fortive Spin-Off, Trading to Begin Today". Yahoo Finance. Retrieved 2016.
  27. ^ http://www.genengnews.com/gen-news-highlights/danaher-to-acquire-cepheid-for-4b/81253173/
  28. ^ "Danaher Completes Acquisition Of Phenomenex". biopharma-reporter.com. Retrieved 2016.
  29. ^ "Danaher picks up U.K. data analytics player to boost drug development offerings". FierceBioTech. 2017-10-30. Retrieved .
  30. ^ "Danaher to Buy U.K. Drug R&D Software Firm ID Business Solutions". Bloomberg.com. 2017-10-30. Retrieved .
  31. ^ Maake, Katishi (2019-01-07). "Glenstone Foundation gobbles up more property near its museum". Washington Business Journal. Retrieved .
  32. ^ https://www.genengnews.com/gen-news-highlights/danaher-to-acquire-integrated-dna-technologies/81255569
  33. ^ "Danaher Announces Plan To Spin Off Dental Business Into An Independent, Publicly Traded Company".
  34. ^ Egan, Matt (2019-02-25). "GE sells BioPharma business to CEO's former company for $21.4 billion". CNN.com. Retrieved .
  35. ^ Hargreaves, Ben (2019-10-22). "https://www.biopharma-reporter.com/Article/2019/10/22/Sartorius-set-to-acquire-Danaher-businesses". Biopharma Reporter. Retrieved . External link in |title= (help)
  36. ^ http://investors.danaher.com/2011-01-20-Danaher-Announces-Definitive-Agreement-to-Acquire-EskoArtwork-for-470-Million
  37. ^ a b http://investors.danaher.com/2011-02-07-Danaher-to-Acquire-Beckman-Coulter-Inc-for-83-50-per-share-or-6-8-Billion
  38. ^ http://investors.danaher.com/2005-07-01-Danaher-Announces-Definitive-Agreement-to-Acquire-Leica-Microsystems
  39. ^ https://investors.danaher.com/2016-09-06-Danaher-To-Acquire-Cepheid-For-53-00-Per-Share-Or-Approximately-4-Billion
  40. ^ http://investors.danaher.com/2003-12-11-Danaher-Corporation-Submits-a-Tender-Offer-for-the-Shares-of-Radiometer-A-S-and-Announces-Conference-Call
  41. ^ "Business - NYTimes.com". markets.on.nytimes.com.
  42. ^ GmbH, finanzen net. "Danaher's Newly Planned Dental Company To Be Named Envista Holdings | Markets Insider". markets.businessinsider.com.
  43. ^ Today, Dentistry. "Danaher to Spin Off Its Dental Segment". dentistrytoday.com.
  44. ^ "Danaher to Spin Off Ormco and KaVo Kerr". Orthodontic Products. 24 July 2018.
  45. ^ "Dynapar Industrial Encoders & Resolvers". dynapar.com. 2016. Archived from the original on 2012-05-27.

External links


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

Danaher_Corporation
 



 



 
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