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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.
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.
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.
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 ...
Spin-off entity Transaction value (in billions USD) Inflation adjusted (in billions 2022 USD) Ref 1 2024 General Electric Company: GE Aerospace, GE Vernova, GE Healthcare: 191 191 [1] 2 2008 Altria Group: Philip Morris International: 108 141 [2] [3] 3 2000 BCE: Nortel: 60 97 [3] 4 2013 Abbott Laboratories: AbbVie: 56 67 [3] 5 2015 eBay: PayPal ...
Danaher Corp said on Wednesday it would separate its environmental & applied solutions (EAS) segment to pivot growth towards the medical technology firm's life sciences and diagnostics businesses.
Danaher (DHR) outperforms its industry and the S&P 500 year to date on solid financial performances, buyout gains, solid product demand, shareholder-friendly policies and other factors.
In October 2020, Fortive completed the corporate spin-off of 80% of Vontier. [3] Fortive disposed of its remaining 20% ownership interest in January 2021. [ 4 ]