Early Years and Expansion (1969-2000)
- DMG, Inc. organized as a Massachusetts real estate investment trust in 1969
- In 1978, DMG, Inc. reorganized as Diversified Mortgage Investors, Inc.
- The company changed its name to Danaher and reincorporated in Delaware in 1984
- Danaher acquired Chicago Pneumatic in June 1986
- Danaher formed NMTC, Inc. in January 1993, acquiring assets of Matco Tools Corp.
- Danaher acquired Easco Hand Tools Inc. in 1990
- Became exclusive supplier of handtools for Sears
- Acquired Armstrong Tools in 1994
- First acquisition on the European mainland with Hengstler in 1995
- Danaher owned 100% of Hach since 1999
Strategic Growth (2001-2010)
- Acquisition of Trojan Technologies in 2004
- Addition of West Instruments and PMA in 2005
- Acquisition of Leica Microsystems in 2005
- Purchase of Tektronix, Inc. in 2007
- Acquisition of Analytical Technologies business unit of MDS, Inc. in 2009
Further Expansion (2011-2020)
- Acquisition of Beckman Coulter in 2011
- Sale of Accu-sort to Datalogic in 2011
- Spin-off of several subsidiaries to create Fortive in 2016
- Acquisition of Cepheid in 2016
- Acquisition of Phenomenex in 2016
Recent Developments (2021-present)
- Merger of Pall Life Sciences and Cytiva in September 2022
- Acquisition of General Electric Life Sciences' biopharma business in March 2020
- Spin-off of Dental segment into Envista Holdings Corporation in 2018
- Acquisition of Integrated DNA Technologies in early 2019
- Acquisition of Navman Wireless in December 2012
Controversies and Spin-offs
- Controversy regarding the pricing of test cartridges manufactured by Cepheid, a subsidiary of Danaher
- Spin-offs: Fortive Corporation, Gems Sensors & Controls, Hengstler, Fluke Corporation, Qualitrol
- Spin-off of Dental segment into Envista Holdings Corporation
- Spin-off of environmental and applied solutions segment as Veralto Corporation
- Acquisition of Abcam by Danaher
- Reaction and pressure on Danaher regarding the pricing of the TB test cartridges
- External links to official website, Bloomberg data, SEC filings, and Yahoo! search results
- Contract Research Organizations: Labcorp Drug Development, IQVIA, Syneos Health, Parexel, ICON PLC
Danaher Corporation Information
- Danaher Corporation is listed on the New York Stock Exchange
- It was established in 1969 in Washington, D.C.
- Danaher Corporation is a conglomerate company operating in the electronics and manufacturing sectors
- Some of its subsidiaries include Buck Bros, Channellock, and Cornwell Tools
This article reads like a press release or a news article and may be largely based on routine coverage. (December 2019) |
Danaher Corporation is an American globally diversified conglomerate founded by brothers Steven and Mitchell Rales in 1984. Headquartered in Washington, D.C., the company designs, manufactures, and markets medical, industrial, and commercial products and services. It has primarily grown by acquisitions, and historically has tried to maintain a very low public profile. Danaher was one of the first companies in North America to adopt the Kaizen principles to manufacturing, which is a lean manufacturing Japanese philosophy of continuous improvement and elimination of waste.
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| Type | Public |
|---|---|
| Industry | Conglomerate |
| Founded |
|
| Founder | |
| Headquarters | Washington, D.C., U.S. |
Area served | Worldwide |
Key people | Steven Rales, Chairman of the Board Mitchell Rales, Chairman of the Executive Committee Rainer M. Blair, President & CEO Matt McGrew, Executive VP & CFO |
| Revenue |  US$31.47 billion (2022) |
| US$8.688 billion (2022) | |
| US$7.209 billion (2022) | |
| Total assets | US$84.35 billion (2022) |
| Total equity | US$50.09 billion (2022) |
Number of employees | 81,000 (2022) |
| Divisions | List of divisions |
| Website | danaher |
| Footnotes / references | |
