Danaher Corporation

Danaher Corporation was founded in 1969 by Steven M. Rales and Mitchell P. Rales in Washington, DC.

Danaher Corporation was founded in 1984 and has since become a leader in science and technology, focusing on growth, leadership, continuous improvement, and value creation.

In June 1986, Danaher acquired Chicago Pneumatic (CP), which had merged with Jacobs Manufacturing Co. in July 1984. This acquisition marked Danaher's entry into the manufacturing business.

In 1989, Danaher reassessed and restructured, cutting four business units to three and acquiring Easco Hand Tools.

In 1990, Danaher goes public and initiates a series of acquisitions, including the purchase of the precision instrument maker Fluke Corporation.

In 1991, Danaher acquired Normond/CMS and became the sole manufacturer of Sears mechanics' hand tools.

In 1994, Danaher acquired the tool company Armstrong, known for brands like Armstrong and Allen.

In 1995, Danaher acquired German components manufacturer Hengstler, known for counters, printers, relays, and high-precision rotational sensors. This acquisition marked Danaher's expansion into Europe.

In 1998, Danaher acquired Pacific Scientific and Fluke Corp., expanding its presence in electronic test tools and manufacturing business.

In 2000, Danaher's revenues reached $3.8 billion, with significant international sales under the presidency of George Sherman.

In 2001, COO Lawrence Culp was promoted to president and CEO of Danaher Corporation.

In October 2002, Danaher acquired Thomson Industries Inc., a leading US manufacturer of linear motion control products.

Danaher spent $312 million in 2003 to acquire a dozen smaller businesses, with revenues exceeding $5 billion.

In 2004, Danaher acquired Trojan Technologies, a notable environmental engineering firm, diversifying its business operations.

In July 2005, Danaher announced the acquisition of Leica Microsystems, a manufacturer of products for microscopic imaging, measurement, and analysis. This acquisition expanded Danaher's offerings in life sciences and industrial quality assurance.

In 2007, Danaher made its largest acquisition by purchasing Tektronix, Inc. for US$2.85 billion.

Danaher acquired the remaining 50% ownership position in AB SCIEX from Life Technologies Corporation for US$450 million in 2009, becoming the outright owner of AB SCIEX and Molecular Devices.

In 2011, Danaher acquired Beckman Coulter.

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.

In December 2012, Danaher Corporation acquired Navman Wireless, a provider of on-demand fleet and asset management technology.

On July 3, 2013, Danaher Corporation was founded.

In September 2014, Danaher announced its intention to buy Nobel Biocare for $2.2 billion.

In October 2014, Danaher Corp announced it would be combining its communications unit with NetScout Systems. The action was completed in July 2015.

In May 2015, Danaher announced the acquisition of Pall Corporation for $13.8 billion, which was completed in August 2015.

In June 2016, Danaher spun off several subsidiaries, including Matco and AMMCO-COATS, to create Fortive.

In September 2016, Danaher announced it would acquire Cepheid for $4 billion (including debt).

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

In 2017, Danaher recorded $18.3 billion in revenue.

In March 2018, Danaher announced it would acquire Integrated DNA Technologies for an undisclosed price.

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

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.

On March 2, 2020, Dr. Stephen Hahn, the F.D.A.'s commissioner, announced actions to allow private labs and companies to begin making their own coronavirus tests to expand the U.S. capacity for testing the virus.

As of August 2021, Rainer Blair, the CEO and President of Danaher Corporation, holds more than 93,000 shares in the company, valued at around $17.8 million.

In September 2022, Pall Life Sciences announced a merger with Cytiva to form a new Biotechnology Group under Danaher.

On February 8, 2023, Danaher announced the creation of Veralto Corporation, a company to be led by Jennifer Honeycutt as President and CEO.

The closing stock price of Danaher Corporation (DHR) on March 30, 2023, was $249.72 with a slight increase of 0.38%.

Danaher entered into an agreement to acquire Abcam for approximately $5.7 billion on August 28, 2023.

On September 12, 2023, John Green released a video addressing concerns about the pricing of test cartridges by Danaher's subsidiary, Cepheid.

On September 30, 2023, Danaher announced the successful separation of Veralto Corporation, which would begin trading on the NYSE on October 2.

Danaher's rich history, commitment to continuous improvement, and pursuit of technological and scientific advancement are highlighted in this news article. The company is dedicated to delivering 'Innovation at the Speed of Life.'

Exploring Danaher's Kaizen approach towards achieving global excellence in its operations.