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'{{short description|American conglomerate}} {{Use mdy dates|date=November 2023}} {{Use American English|date=November 2023}} {{Cleanup-PR|date=December 2019}} {{Infobox company | logo = Danaher logo since 2023.svg | type = [[Public company|Public]] | traded_as = {{ubl|{{NYSE|DHR}}|[[S&P 100]] component|[[S&P 500]] component}} | industry = [[Conglomerate (company)|Conglomerate]] | founded = {{ubl|{{Start date and age|1969}} (as DMG)|{{start date and age|1984}} (as Danaher)}} | founders = {{ubl|[[Steven Rales]]|[[Mitchell Rales]]}} | hq_location = [[Washington, D.C.]], U.S. | area_served = Worldwide | key_people = Steven Rales ([[chairman of the board]])<br />Mitchell Rales (chairman of the executive committee)<br />Rainer Blair ([[President (corporate title)|president]] and [[Chief executive officer|CEO]]) | revenue = {{decrease}} {{US$|23.9 billion|link=yes}} (2023) | operating_income = {{decrease}} {{US$|5.20 billion}} (2023) | net_income = {{decrease}} {{US$|4.76 billion}} (2023) | assets = {{increase}} {{US$|84.5 billion}} (2023) | equity = {{increase}} {{US$|53.5 billion}} (2023) | num_employees = {{circa|63,000}} (2023) | divisions = [[#Divisions|List of divisions]] | website = {{url|danaher.com}} | footnotes = <ref name=10K>{{cite web | url=https://www.sec.gov/ix?doc=/Archives/edgar/data/313616/000031361624000052/dhr-20231231.htm | title=Danaher Corporation 2023 Form 10-K Annual Report | publisher=[[U.S. Securities and Exchange Commission]] |date=February 21, 2024 }}</ref> }} [[File:Danaher Corporation logo.svg|thumb|Former logo]] '''Danaher Corporation''' is an American global conglomerate founded in 1984 by brothers [[Steven Rales|Steven]] and [[Mitchell Rales]]. Headquartered in [[Washington, D.C.]], the company designs, manufactures, and markets medical, industrial, and commercial products and services.<ref name=10K/><Ref name="nzherald">Drummond, Bob (2 April 2004). [https://www.nzherald.co.nz/business/takeover-wizards/KOL3CQMLU5VIESGGZ2RL5653Y4/ Takeover Wizards], ''New Zealand Herald''</ref><ref name="low2">Valdez, Angela (6 June 2008). [https://washingtoncitypaper.com/article/233740/a-very-private-collection/https://washingtoncitypaper.com/article/233740/a-very-private-collection/ A Very Private Collection], ''[[Washington City Paper]]''</ref> Danaher was among the first companies in North America to adopt [[Kaizen]] principles, a Japanese [[lean manufacturing]] philosophy of continuous improvement and efficiency.<ref>{{cite web | url=https://www.fortive.com/about-us/our-history | title=Fortive and Danaher, Steven and Mitchell Rales | website=Fortive}}</ref><ref name="bloom15">Fox, Justin (19 May 2015). [https://web.archive.org/web/20170519090210/https://www.bloomberg.com/view/articles/2015-05-19/what-makes-danaher-corp-such-a-stock-market-star- What Makes Danaher Corp. Such a Star?], ''Bloomberg'' (discussing kaizen and privacy of company)</ref> The company held $78.5 billion in assets {{as of|2024|lc=y}}. ==History== === Early years === The company's origins go back to a [[Massachusetts]] [[real estate investment trust]] organized in 1969 as DMG, Inc. In 1978, DMG, Inc. was reorganized as a Florida corporation and changed its name to Diversified Mortgage Investors, Inc. DMG had been invested in retirement home developments when it was taken over by the Rales, and in 1984, the company adopted the name Danaher and reincorporated under the [[Delaware General Corporation Law]].<Ref name="nzherald"/><ref name=10K/> It was named after Danaher Creek in [[Western Montana]], where the brothers conceptualized it while fishing.<ref>{{cite web | url=https://www.danaher.com/who-we-are/danaher-story | title=The Danaher Story | website=Danaher}}</ref><Ref name="nzherald"/><Ref name="post 2008">Heath, Thomas (7 July 2008). [https://web.archive.org/web/20171025022617/http://www.washingtonpost.com/wp-dyn/content/article/2008/07/06/AR2008070601875.html The Quiet Dynamism of the Brothers Rales], ''[[The Washington Post]]''</ref> In June 1986, Danaher purchased [[Chicago Pneumatic]] (CP), which had merged in July 1984 with a sister company, the Jacobs Manufacturing Co. (Jacobs), and which had purchased [[Matco Tools|Matco Tools Corp.]] (MTC) in April 1981. In June 1987, Danaher sold CP while retaining Jacobs, including its Matco Tools Division. Jacobs' name was changed to Matco Tools Corp. In November 1991, 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. Within two years of Danaher's founding in 1984, Danaher acquired 12 companies as part of a strategy to enter the [[manufacturing]] business. Therefore, in 1986, Danaher added [[Qualitrol]] to its [[instrumentation]] unit.<ref name="About Qualitrol">{{cite web|title=About the Company|url=http://www.qualitrolcorp.com/About_Qualitrol/|publisher=Qualitrol|access-date=6 July 2012|year=2012}}</ref> The unit also included [[Gilbarco Veeder-Root]]'s underground fuel storage sensors, Dynapar's motion sensors<ref name="Dynapar SSI Encoders">{{cite web|title=Dynapar Motion Control Sensor Rotary Encoders & Resolvers |url=https://www.dynapar.com/Products/Technology_Overview/ |publisher=Dynapar |year=2016 |url-status=dead |archive-url=https://web.archive.org/web/20160809184920/https://www.dynapar.com/Products/Technology_Overview/ |archive-date=2016-08-09 }}</ref> and Qualitrol's [[Pressure measurement|pressure]] and [[Temperature measurement|temperature]] measurement instruments, used on the electrical transformer industry.<ref name="Danaher Corporation">{{cite web|last=Dubovoj|first=Sina|title=Danaher Corporation|url=http://findarticles.com/p/articles/mi_gx5202/is_2006/ai_n19123608/|publisher=Resource Library CBS Interactive|access-date=12 June 2012|author2=Ingram, Frederick|year=2006}}</ref> === 1990–2000 === In 1990, Danaher acquired Easco Hand Tools Inc.<ref>{{Cite web|url=https://www.nytimes.com/1990/02/21/business/company-news-danaher-acquires-easco-hand-tools.html|title=Danaher Acquires Easco Hand Tools|website=The New York Times| date=1990-02-21|language=en-US|access-date=April 26, 2019}}</ref> Danaher was selected as exclusive supplier of handtools for Sears. In 1994, Danaher acquired the tool company [[Armstrong Tools]], the makers of tool brands Armstrong, Allen, and others. In 1995 Danaher acquired German components manufacturer [[Hengstler GmbH|Hengstler]], a leading manufacturer of counters, printers, relays, and high-precision rotational sensors. Hengstler was Danaher's first acquisition on the European mainland, and the first operating company headquartered outside the United States.<ref>{{cite web | url=https://www.https://www.hengstler.de/en/company/history.php | title=Hengstler History | website=Hengstler}}</ref> Since 1999, Danaher has owned 100% of [[Hach Company|Hach]], broadening the portfolio of chemical, mainly water and wastewater, analytics also with the German company Lange. === 2001–2010 === Danaher acquired Trojan Technologies, an [[environmental engineering]] firm, in 2004.<ref name=Trojan>{{cite web |title=Our History |url=https://www.trojantechnologies.com/en/about/history |access-date=2022-10-15 |publisher=Trojan Technologies |location=London, ON}}</ref> UK-based West Instruments provides control and measurement instrumentation 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. In July 2005, Danaher announced a definitive agreement to acquire [[Leica Microsystems]].<ref name="Danaher-Corp-Jul-2005-10-Q">{{cite web|url=http://pdf.secdatabase.com/25/0001193125-05-145611.pdf |title=Danaher Corp, Form 10-Q, Quarterly Report, Filing Date Jul 21, 2005 |publisher=secdatabase.com |access-date =Mar 30, 2013}} </ref> Leica manufactures a broad range of products for numerous applications requiring microscopic imaging, measurement and analysis. It also offers management systems 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.<ref name="Danaher-Corp-Oct-2006-10-Q">{{cite web|url=http://edgar.secdatabase.com/70/119312506210301/filing-main.htm |title=Danaher Corp, Form 10-Q, Quarterly Report, Filing Date Oct 19, 2006 |publisher=secdatabase.com |access-date =Mar 30, 2013}}</ref> Also in 2007, Danaher made its largest acquisition to date, the purchase of [[Tektronix, Inc.]] for US$2.85 billion.<ref name="Danaher-Corp-Nov-2007-8-K">{{cite web|url=http://edgar.secdatabase.com/299/89882207001390/filing-main.htm |title=Danaher Corp, Form 8-K, Current Report, Filing Date Nov 21, 2007 |publisher=secdatabase.com |access-date =Mar 30, 2013}}</ref><ref>{{Cite news|title = Danaher to Buy Tektronix for $2.85 Billion|url = https://www.nytimes.com/2007/10/16/business/16deal.html|newspaper = The New York Times|date = 2007-10-16|access-date = 2015-04-28|issn = 0362-4331}}</ref> [https://www.chemtreat.com/ ChemTreat] was acquired by [[Danaher]] in 2007 as well.<ref name="Blackwell">{{Cite web|last=Blackwell|first=John Reid|title=Buyout enriches workers|url=https://richmond.com/news/buyout-enriches-workers/article_29ea4674-a1de-54cd-b7ee-c085cd7f126d.html|access-date=2021-01-06|website=Richmond Times-Dispatch|date=July 8, 2007 |language=en}}</ref> In 2009 Danaher purchased the Analytical Technologies business unit of Canadian Life Sciences company MDS, Inc. for US$650 million.<ref name="Danaher-Corp-Feb-2010-10-K">{{cite web|url=http://pdf.secdatabase.com/2022/0001193125-10-038977.pdf |title=Danaher Corp, Form 10-K, Annual Report, Filing Date Feb 24, 2010 |publisher=secdatabase.com |access-date =Mar 29, 2013}}</ref> In a separate, but related transaction, Danaher agreed with [[Life Technologies (Thermo Fisher Scientific)|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.<ref>{{cite web |url=http://www.theglobeandmail.com/globe-investor/mds-sells-unit-to-focus-on-isotopes/article1273003/ |title=MDS shares soar on restructuring - the Globe and Mail |website=www.theglobeandmail.com |access-date=14 January 2022 |archive-url=https://web.archive.org/web/20090902165959/http://www.theglobeandmail.com/globe-investor/mds-sells-unit-to-focus-on-isotopes/article1273003/ |archive-date=2 September 2009 |url-status=dead}}</ref> === 2011–2020 === In 2011, Danaher acquired [[Beckman Coulter]]<ref name="Danaher-Corp-Aug-2011-8-K/A">{{cite web|url=http://edgar.secdatabase.com/1256/119312511216818/filing-main.htm |title=Danaher Corp, Form 8-K/A, Filing Date Aug 10, 2011 |publisher=secdatabase.com |access-date =Mar 29, 2013}}</ref> and sold Accu-sort to [[Datalogic S.p.A.#Acquisitions|Datalogic]]. In October 2012, Danaher and [[Cooper Industries]] agreed to sell their joint venture, [[Apex Tool Group]], to [[Bain Capital]] for a fee of around $1.6 billion.<ref>{{cite news | url=https://www.reuters.com/article/deals-day-idUSL3E8LA2MW20121010 | title=Deals of the day -- mergers and acquisitions | work=Reuters | date=10 October 2012 | access-date=30 June 2017 | archive-date=22 September 2013 | archive-url=https://web.archive.org/web/20130922083416/http://www.reuters.com/article/2012/10/10/deals-day-idUSL3E8LA2MW20121010 | url-status=live }}</ref> In December 2012 Danaher Corporation acquired Navman Wireless, a provider of on-demand fleet and asset management technology.<ref>{{cite news|url=https://www.reuters.com/finance/stocks/DHR.N/key-developments/article/2682405| title= Danaher Corp Acquires Navman Wireless | work=Reuters | date=29 Jan 2013}}</ref> In September 2014, Danaher announced its intention to buy [[Nobel Biocare]] for $2.2 billion.<ref>{{cite news|url=https://www.reuters.com/article/us-nobel-biocare-m-a-danaher/danaher-to-buy-nobel-biocare-for-2-2-billion-idUSKBN0HA0B420140915| title= Danaher to buy Nobel Biocare for $2.2 billion | publisher=Reuters | date=15 September 2014}}</ref> In October 2014, Danaher Corp announced it would be combining its communications unit with [[NetScout Systems]].<ref>[https://www.reuters.com/article/us-danaher-m-a-netscout-syst-idUSKCN0I20TK20141013 Danaher to combine communications unit with NetScout] {{Webarchive|url=https://web.archive.org/web/20151127230301/http://www.reuters.com/article/2014/10/13/us-danaher-m-a-netscout-syst-idUSKCN0I20TK20141013 |date=2015-11-27 }}. [[Reuters]], 14 October 2014</ref> The action was completed in July 2015<ref>{{cite web|url=http://www.netscout.com/press-release/netscout-systems-completes-acquisition-of-danahers-communications-business/|title=NetScout Systems, Inc. (NASDAQ: NTCT) has completed the acquisition of Danaher Corporation's (NYSE: DHR) Communications Business. - NetScout.com|access-date=24 March 2016|archive-date=June 6, 2017|archive-url=https://web.archive.org/web/20170606113729/http://www.netscout.com/press-release/netscout-systems-completes-acquisition-of-danahers-communications-business/|url-status=dead}}</ref> In May 2015, Danaher announced the acquisition of [[Pall Corporation]] for $13.8 billion,<ref>{{Cite news|title = Danaher to Acquire Pall for $13.6 Billion and Split Into Two|url = https://www.nytimes.com/2015/05/14/business/dealbook/danaher-to-acquire-pall-for-13-6-billion-and-split-into-two.html|newspaper = The New York Times|date = 2015-05-15|access-date = April 26, 2019}}</ref> which was completed in August 2015.<ref>{{cite web|url=https://www.pall.com/en/about-pall/press-release/danaher-completes-acquisition-of-pall-corporation.html|title=Danaher Completes Acquisition Of Pall Corporation|publisher=Pall|access-date=April 26, 2019}}</ref> In June 2016, Danaher spun off several subsidiaries, including Matco and AMMCO-COATS, to create [[Fortive]].<ref>{{cite web|url=https://finance.yahoo.com/news/danaher-completes-fortive-spin-off-125312990.html|title=Danaher Completes Fortive Spin-Off, Trading to Begin Today|website=Yahoo Finance|author1=Zacks Equity Research|date=5 July 2016 |access-date=5 July 2016}}</ref> In September of the same year, the company announced it would acquire [[Cepheid Inc|Cepheid]] for $4 billion (including debt).<ref>{{Cite web|url=https://www.genengnews.com/news/danaher-to-acquire-cepheid-for-4b/|title=Danaher to Acquire Cepheid for $4B|date=September 6, 2016}}</ref> In October 2016, Danaher Corporation acquired Phenomenex for $700 million to expand its life sciences space.<ref>{{cite web|url=http://www.biopharma-reporter.com/Downstream-Processing/Danaher-set-to-buy-purification-consumables-firm-Phenomenexn|title=Danaher Completes Acquisition Of Phenomenex|date=11 October 2016 |publisher= biopharma-reporter.com|access-date=6 November 2016}}</ref> In October 2017, Danaher announced the acquisition of scientific informatics company ID Business Solutions Ltd. (IDBS).<ref>{{Cite news|url=https://www.fiercebiotech.com/medtech/danaher-picks-up-u-k-data-analytics-player-to-boost-drug-development-offerings|title=Danaher picks up U.K. data analytics player to boost drug development offerings|date=2017-10-30|work=FierceBioTech|access-date=2017-12-01}}</ref> It was announced that IDBS would become part of Danaher's Life Sciences platform.<ref>{{Cite news|url=https://www.bloomberg.com/news/articles/2017-10-30/danaher-is-said-nearing-deal-to-buy-u-k-r-d-software-firm-idbs-j9e1o6mx|title=Danaher to Buy U.K. Drug R&D Software Firm ID Business Solutions|date=2017-10-30|work=Bloomberg.com|access-date=2017-12-01}}</ref> In 2017, Danaher recorded $18.3 billion in revenue.<ref>{{Cite web|url=https://www.bizjournals.com/washington/news/2019/01/07/glenstone-foundation-gobbles-up-more-property-near.html|title=Glenstone Foundation gobbles up more property near its museum|last=Maake|first=Katishi|date=2019-01-07|website=Washington Business Journal|access-date=2019-01-09}}</ref> In March 2018, the business announced it would acquire [[Integrated DNA Technologies]] for an undisclosed price.<ref>{{Cite web|url=https://www.genengnews.com/topics/omics/danaher-to-acquire-integrated-dna-technologies/|title=Danaher to Acquire Integrated DNA Technologies|date=March 9, 2018}}</ref> In July 2018, Danaher announced its intention to spin off its $2.8 billion Dental segment into an independent publicly traded company. They named Amir Aghdaei, who at the time was President of Danaher's Dental Platform, to be President and CEO of the new company upon completion of the transaction. <ref>{{Cite web|url=http://investors.danaher.com/2018-07-19-Danaher-Announces-Plan-To-Spin-Off-Dental-Business-Into-An-Independent-Publicly-Traded-Company|title=Danaher Announces Plan To Spin Off Dental Business Into An Independent, Publicly Traded Company - Jul 19, 2018|website=Danaher Corporation Investors}}</ref> The [[corporate spin-off]] was completed in December 2019, with the new company called Envista Holdings Corporation.<ref>{{cite press release |url=https://www.prnewswire.com/news-releases/danaher-announces-final-results-of-envista-exchange-offer-300976864.html |title=Danaher Announces Final Results Of Envista Exchange Offer |publisher=[[PR Newswire]] |date=December 18, 2019}}</ref> 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 approximately $750 million. The combined revenue of the businesses was approximately $140 million in 2018.<ref>{{Cite web|last=Hargreaves|first=Ben|date=2019-10-22|title=Sartorius in $750m swoop for Danaher Life Science businesses|url=https://www.biopharma-reporter.com/Article/2019/10/22/Sartorius-set-to-acquire-Danaher-businesses|access-date=2019-10-29|website=Biopharma Reporter}}</ref> In 2019, Danaher was ranked by [[Forbes]] as one of the best employers for diversity.<ref>{{Cite web|title=Danaher on the Forbes Best Employers for Diversity List|url=https://www.forbes.com/companies/danaher/|work=[[Forbes]]}}</ref> On Monday, March 2, 2020, [[Stephen Hahn|Dr. Stephen Hahn,]] the FDA's commissioner, said that the agency had taken actions to allow private labs and companies to begin making their own coronavirus tests in order to greatly expand the U.S. capacity to test for the virus. Hahn went on to note, "There will be—the estimates we're getting from industry right now, by the end of this week, close to a million tests will be able to be performed."<ref>{{Cite news|url=https://www.nytimes.com/2020/03/03/health/coronavirus-tests-fda.html#commentsContainer|title = Estimates Fall Short of F.D.A.'s Pledge for 1 Million Coronavirus Tests|newspaper = The New York Times|date = 3 March 2020|last1 = Thomas|first1 = Katie|last2 = Sheikh|first2 = Knvul}}</ref> The following morning, a spokeswoman for the [[United States Department of Health and Human Services|U.S. Department of Health and Human Services]] noted that Dr. Hahn was referring to tests being produced by an outside manufacturer, [[Integrated DNA Technologies]]. IDT is a division of Danaher which was acquired in early 2019.<ref>{{Cite web|url=https://www.idtdna.com/pages/about/leadership|title=IDT Leadership}}</ref> In March 2020, Danaher acquired the biopharma business of the [[General Electric]] Life Sciences division for $21.4 billion and was named [[Cytiva]]. Danaher had to sell off part of its life sciences businesses to [[Sartorius AG|Sartorius]] to satisfy the [[Federal Trade Commission]] regulatory requirement for the acquisition.<ref>{{Cite web |last=Macdonald |first=Gareth John |date=2020-05-12 |title=Sartorius' Acquisition of Danaher Techs Fits Demand for Process Intensification |url=https://www.genengnews.com/insights/sartorius-acquisition-of-danaher-techs-fits-demand-for-process-intensification/ |access-date=2023-07-09 |website=GEN - Genetic Engineering and Biotechnology News |language=en-US}}</ref> Cytiva is a global provider of technologies and services related to the development, manufacture, and delivery of vaccines, diagnostics, and therapeutics to customers in organizations including academia, biotechnology, and drug manufacturing.<ref>{{Cite web |title=Cytiva to provide bioprocessing training at Indian incubation centre |url=https://cleanroomtechnology.com/news/article_page/Cytiva_to_provide_bioprocessing_training_at_Indian_incubation_centre/199357 |access-date=2023-09-04 |website=cleanroomtechnology.com |language=en}}</ref><ref>{{Cite web |title=BBC collaborates with Cytiva to aid in bioprocessing training programme |url=https://biospectrumindia.com/news/68/20676/bbc-collaborates-with-cytiva-to-aid-in-bioprocessing-training-programme.html |access-date=2023-09-04 |website=biospectrumindia.com |language=en}}</ref><ref>{{Cite web |title=Cytiva |url=https://www.technia.us/case-studies/cytiva/ |access-date=2023-09-04 |website=TECHNIA (US) |language=en-US}}</ref> The Cytiva name stems from 'cyto' meaning 'cell' in Greek, and 'iva' a Latin suffix meaning 'doing' and 'capable of'.<ref>{{Cite web |title=GE Healthcare Life Sciences rebrands to 'Cytiva' |url=https://atmpsweden.se/news/ge-healthcare-life-sciences-rebrands-to-cytiva/ |access-date=2023-09-04 |website=ATMP Sweden}}</ref> In May 2020, it was announced that Tom Joyce would retire as CEO of the company. He was replaced by Executive Vice President Rainier Blair on September 1, 2020.<ref>{{Cite web|title=Danaher names next CEO|url=https://www.bizjournals.com/washington/news/2020/05/06/danaher-names-next-ceo-as-tom-joyce-plans.html|access-date=2020-10-28|website=www.bizjournals.com}}</ref> === 2021–present === In September 2022, it was announced that Pall Life Sciences will be merging with Cytiva to create a new Biotechnology Group within Danaher. The merger was completed in May 2023.<ref>{{Cite web |last=Stanton |first=Dan |date=2022-09-22 |title=Danaher merging Cytiva and Pall - BioProcess Insider |url=https://bioprocessintl.com/bioprocess-insider/upstream-downstream-processing/danaher-merging-cytiva-and-pall-to-create-7-5bn-bioprocess-juggernaut/ |access-date= |website=BioProcess International |language=en-US}}</ref><ref>{{Cite web |last=Stanton |first=Dan |date=2023-05-02 |title=Danaher completes Cytiva Pall merger - BioProcess Insider |url=https://bioprocessintl.com/bioprocess-insider/upstream-downstream-processing/better-together-danaher-completes-cytiva-pall-merger/ |access-date=2023-07-09 |website=BioProcess International |language=en-US}}</ref><ref>{{Cite web |last= |date=May 2, 2023 |title=Cytiva and Pall Life Sciences complete integration to create a global innovation and solutions leader in biotechnology |url=https://www.cytivalifesciences.com/en/us/news-center/cytiva-and-pall-life-sciences-complete-integration-10001 |access-date=2023-07-09 |website=Cytiva |language=en}}</ref> As of May 2023, Cytiva employed more than 16,000 associates in over 40 countries.<ref>{{Cite web |last=Sterling |first=John |date=2023-05-02 |title=Merger of Cytiva and Pall's Life Sciences Business Now Complete |url=https://www.genengnews.com/insights/merger-of-cytiva-and-palls-life-sciences-business-now-complete/ |access-date=2023-09-04 |website=GEN - Genetic Engineering and Biotechnology News |language=en-US}}</ref> Also in September 2022, Danaher announced its intention to spin-off its Environmental & Applied Solutions segment in Q4 2023.<ref>{{Cite web |title=Danaher Announces Intention to Separate Environmental & Applied Solutions Segment to Create an Independent, Publicly Traded Company - Sep 14, 2022 |url=https://www.danaher.com/styles,%20https://investors.danaher.com/2022-09-14-Danaher-Announces-Intention-to-Separate-Environmental-Applied-Solutions-Segment-to-Create-an-Independent,-Publicly-Traded-Company |access-date= |website=www.danaher.com |language=en}}</ref> On February 8, 2023, Danaher announced that the new company is named [[Veralto Corporation]] and will be headed by Danaher Executive Vice President [[Jennifer Honeycutt]] as Veralto's President and CEO.<ref>{{Cite web |date=2023-02-08 |title=Danaher announces new environmental and applied solutions company to be named Veralto |url=https://investors.danaher.com/2023-02-08-Danaher-Announces-New-Environmental-and-Applied-Solutions-Company-to-Be-Named-Veralto |access-date= |website=Danaher |language=en}}</ref> On September 30, Danaher announced the separation completion of Veralto and that Veralto will begin trading on the [[New York Stock Exchange]] on October 2 under the symbol "VLTO."<ref>{{Cite web |last=Corporation |first=Danaher |date=2023-09-30 |title=Danaher Corporation Completes Separation of Veralto Corporation |url=https://www.prnewswire.com/news-releases/danaher-corporation-completes-separation-of-veralto-corporation-301943632.html |url-status=live |archive-url=https://web.archive.org/web/20231001083608/https://www.prnewswire.com/news-releases/danaher-corporation-completes-separation-of-veralto-corporation-301943632.html |archive-date=2023-10-01 |access-date=2023-10-01 |website=www.prnewswire.com |language=en}}</ref> On 28 August 2023, Danaher announced that it had entered into a definitive agreement to acquire [[Abcam]] for approximately $5.7 billion at $24 per share in cash.<ref name=":0">{{Cite web |last=Mishra |first=Manas |date=August 28, 2023 |title=Danaher to buy Abcam in deal valued at $5.7 billion |url=https://www.nasdaq.com/articles/danaher-to-buy-abcam-in-deal-valued-at-$5.7-billion |access-date=August 28, 2023 |website=Nasdaq}}</ref><ref>{{Cite web |date=2023-08-28 |title=Danaher to Acquire Abcam - Aug 28, 2023 |url=https://www.danaher.com/styles,%20https://investors.danaher.com/2023-08-28-Danaher-to-Acquire-Abcam |access-date=2023-08-28 |website=www.danaher.com |language=en}}</ref> In April 2024, Precision Nanosystems was merged into Cytiva.<ref>{{Cite web |date=April 29, 2024 |title=Precision Nanosystems is now part of Cytiva |url=https://www.precisionnanosystems.com/news-room/detail/precision-nanosystems-is-now-part-of-cytiva |access-date=July 3, 2024 |website=Precision Nanosystems}}</ref> In June, The US [[Food and Drug Administration]] (FDA) granted marketing approval to Danaher's Cepheid unit for a rapid test for [[hepatitis C]]. Using a [[blood]] sample from a fingertip, the rapid test detects the virus's [[RNA]] and delivers results in less than roughly an hour, as opposed to requiring a sample to be sent to a lab.<ref>{{Cite web |title=FDA Approves Danaher Unit's Rapid Test for Hepatitis C |url=https://www.marketwatch.com/story/fda-approves-danaher-unit-s-rapid-test-for-hepatitis-c-cc56ab82?mod=markets}}</ref> == Controversies == {{further|Cepheid (company)#Pricing controversy}} Controversy has arisen regarding the pricing of test cartridges manufactured by Danaher's subsidiary, [[Cepheid (company)|Cepheid]]. These cartridges are essential for detecting diseases such as COVID-19, HIV, and tuberculosis. Organizations such as [[Treatment Action Group]] and [[Doctors Without Borders]] have been asking Cepheid to lower the price of these tests since 2019. On September 12, 2023, author and vlogger [[John Green]] released a video<ref>{{cite web |last=Green |first=John |title=Barely Contained Rage: An Open Letter to Danaher and Cepheid |url=https://www.youtube.com/watch?v=tSC06P9A5W4 |date=September 12, 2023 |language=en| website=youtube.com |publisher=[[Vlogbrothers]] |format=video}}</ref> highlighting these ethical concerns and calling on his community to reach out to Danaher.<ref>{{Cite news |last=Baker |first=Kamrin |date=September 12, 2023 |website=Good Good Good |title=John Green & Grassroots Activists Pressure Danaher To Drop Price of Tuberculosis Test |language=en |url=https://www.goodgoodgood.co/articles/john-green-danaher-tuberculosis}}</ref><ref>{{cite web |last1=Lawrence |first1=Lizzy |last2=Silverman |first2=Ed |date=September 14, 2023 |title=Novelist John Green launches attack on Cepheid over the price of its TB test |url=https://www.statnews.com/pharmalot/2023/09/14/john-green-cepheid-danaher-tb-test-genexpert/ |website=Stat |access-date=14 September 2023}}</ref> One week later, Cepheid and Danaher announced a 20% price reduction for their Xpert MTB/RIF TB test cartridge, from $9.98 to $7.97 in high TB-burden countries. However, their Xpert MTB/XDR test used to diagnose for drug-resistant TB, which is the deadliest form, remained unchanged at $14.90.<Ref name="msf9-19-23">(19 September 2023). [https://www.doctorswithoutborders.org/latest/msf-tb-test-price-reduction-cepheid-and-danaher-step-right-direction MSF: TB test price reduction by Cepheid and Danaher is a step in the right direction], Doctors Without Borders</ref><ref>{{cite web |last1=Mahdavi |first1=Darius |title='Pure price-gouging': Advocates celebrate price drop of critical TB test but say Big Pharma needs to do more |url=https://www.cbc.ca/news/health/tb-tests-danaher-price-drop-1.6964582 |website=CBC |date=September 19, 2023}}</ref> ==Divisions== === Life sciences === *[[Abcam]] *[[Beckman Coulter|Beckman Coulter Life Sciences]] *[[Integrated DNA Technologies]] *[[Leica Microsystems]] *[[Molecular Devices]] *[[Pall Corporation]] *[[SCIEX]] *[[Cytiva]] === Diagnostics === *[[Beckman Coulter|Beckman Coulter Diagnostics]] *[[Cepheid Inc|Cepheid]] *[[Leica Biosystems]] *[[Radiometer (company)|Radiometer]] ===Spinoff companies=== ==== [[Fortive]] ==== *[[Gems Sensors & Controls]] *[[Hengstler GmbH|Hengstler]] *[[Fluke Corporation]] *[[Qualitrol]] *[[Tektronix]] ==== Veralto ==== *[[Esko (company)|Esko]] *[[Hach Company|Hach]] *[[X-Rite]] *[[Pantone]] ==See also== *[[Condition-based maintenance]] *[[Partial Discharge]] *[[Dissolved gas analysis]] *[[Electric power transmission]] *[[Electric power distribution]] ==References== {{Reflist}} ==External links== *{{Official|https://www.danaher.com}} {{Finance links | name = Danaher Corporation | symbol = DHR | google = DHR:NYSE | yahoo = DHR | bloomberg = DHR:US | sec_cik = 313616 }} {{Contract research organization}} {{Danaher}} {{Beckman Coulter}} {{Tektronix}} {{Tool manufacturers}} {{Authority control}} [[Category:Danaher Corporation| ]] [[Category:1969 establishments in Washington, D.C.]] [[Category:American companies established in 1969]] [[Category:Companies listed on the New York Stock Exchange]] [[Category:Conglomerate companies established in 1969]] [[Category:Conglomerate companies of the United States]] [[Category:Electronics companies established in 1969]] [[Category:Hand tools]] [[Category:Manufacturing companies based in Washington, D.C.]] [[Category:Multinational companies headquartered in the United States]] [[Category:Tool manufacturing companies of the United States]] [[Category:Electric motor manufacturers]] [[Category:Electronics companies of the United States]]'