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Danaher Corporation
Public
Traded as DHR
S&P 100 component
S&P 500 component
Industry Conglomerate
Founded 1969; 49 years ago (1969)
Headquarters Washington, D.C., U.S.
Area served
Worldwide
Key people
Steven M. Rales
(Chairman of the Board)
Mitchell P. Rales
(Chairman of the Executive Committee)
Thomas P. Joyce, Jr.
(President & CEO)
Daniel L. Comas
(Executive VP & CFO)
Revenue IncreaseUS$ 18.33 billion (2017)
IncreaseUS$ 3.02 billion (2017)
DecreaseUS$ 2.49 billion (2017)
Total assets IncreaseUS$ 46.65 billion (2017)
Total equity IncreaseUS$ 26.37 billion (2017)
Number of employees
~23,000 (in the U.S.)
~44,000 (outside of the U.S.)
Divisions List of divisions
Website Danaher.com
Footnotes / references

The Danaher Corporation is a globally diversified conglomerate with its headquarters in Washington, D.C., United States. Danaher is #144 on the 2017 Fortune 500 list. Its products are concentrated in the fields of design, manufacturing, and marketing of industrial, healthcare and consumer products. It operates in four segments: environmental & applied solutions, life sciences, diagnostics, and dental.

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. In June 1986, Danaher purchased Chicago Pneumatic ("CP") who had just recently merged in July 1984 with a sister company The Jacobs Manufacturing Company ("Jacobs") and who had purchased Matco Tools Corporation ("MTC") in April 1981. Danaher sold CP in June 1987, retaining Jacobs, including its Matco Tools Division. Jacobs' name was changed to Matco Tools Corporation 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 Montana where the Rales brothers, Steven and Mitchell, went fishing.

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

The Danaher Motion group acquired Kollmorgen, of Radford, Virginia.

UK-based West Instruments provides control and measurement instrumentation solutions 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.


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