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Revision as of 17:11, 19 October 2009

Danaher Corporation
Company typePublic (NYSE: DHR)
IndustryManufacturing
Founded1969
HeadquartersUnited States Washington, D.C., USA
Area served
Worldwide
Key people
Steven M. Rales
(Chairman of the Board)
H. Lawrence Culp, Jr.
(President), (CEO) & (Director)
RevenueIncrease $ 12.697 billion (2008)
Increase $ 1.869 billion (2008)
Decrease $ 1.317 billion (2008)
Total assetsDecrease $ 17.490 billion (2008)
Total equityDecrease $ 9.808 billion (2008)
Number of employees
50,300 (July 2009)
DivisionsList of divisions
WebsiteDanaher.com

The Danaher Corporation NYSE: DHR, is a large global company headquartered in Washington, D.C., United States. Its products are concentrated in the fields of design, manufacture, and marketing of industrial and consumer products.

It operates in four segments: Professional Instrumentation, Medical Technologies, Industrial Technologies, and Tools & Components.

History

The company was organized in 1969. It was formerly known as DMG, Inc. and changed its name to Diversified Mortgage Investors, Inc. in 1978. Further, the company changed its name to Danaher Corporation in 1984.

The company is named after a river in Montana in which the Rales Brothers used to fish. The origin of "Danaher" goes back to the root "Dana", a Celtic word dating from before 700 BC and meaning "swift flowing". Danaher Motion is the US Flagship of Danaher Corporation's Industrial Technologies branch with over $1 billion in sales[1]

UK based West Instruments provides control and measurement instrumentation solutions and services for the global industrial and process markets. [2]

German Instrumentation manufacturer PMA was added to the Industrial Controls Group in 2005 and enhances the range of control and measurement instrumentation solutions.[3]

The Danaher Motion group acquired Kollmorgen, of Radford, Virginia. Danaher Motion can supply some replacement parts for Kollmorgen servo motors through its distribution network. Kollmorgen servo motors are sometimes found on machine tools made by Ingersoll Milling Machine Company.

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

In early 2007 Danaher acquired Australian Pathology Instrument and Engineering company Vision Systems Limited. [4] Also in 2007, Danaher announced plans for its largest acquisition to date, the purchase of Tektronix, Inc. for 2.85 billion USD. [5]

In September 2009, Danaher entered into an agreement to purchase the Analytical Technologies business unit of Canadian Life Sciences company MDS, Inc. for $650 million USD. In a separate, but related transaction, Danaher also announced that it has signed a definitive agreement with Life Technologies Corporation (Nasdaq: LIFE) to acquire the remaining 50% ownership position in AB SCIEX for $450 million USD. After completion of both transactions, Danaher will own outright AB SCIEX and Molecular Devices. The aggregate purchase price for the combined transactions is $1.1 billion, including debt assumed and net of cash acquired.[6]


Divisions

References

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