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The spin-off of the Environmental & Applied Solutions segment into a new public company should help Danaher (DHR) focus on its Life Sciences and Diagnostics segments.
Also in September 2022, Danaher announced its intention to spin off its Environmental & Applied Solutions segment in Q4 2023. [52] 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. [53]
Danaher, which currently has a market capitalization of more than $200 billion, is the third large conglomerate this year to announce a spin-off after Kellogg Co and 3M Co. Danaher to spin off ...
Fortive was spun off from Danaher in July 2016. [4] Brothers Steven and Mitchell Rales, Danaher's founders, retained board seats with Fortive after the separation. [5] At the point of its independent incorporation, Fortive immediately became a component of the S&P 500. Later the transportation, automation and franchise distribution businesses ...
Hach Company manufactures and distributes analytical instruments and reagents used to test the quality of water and other liquid solutions. Manufactured and distributed worldwide, Hach systems are designed to simplify analysis by offering on-line instrumentation, portable laboratory equipment, prepared reagents, easy-to-follow methods, and technical support.
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