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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]
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 ...
In 2012 the firm was acquired by Danaher Corporation. [4] At the end of September 2023, Danaher spun-off its Environmental and Applied Solutions segment as Veralto Corporation. [ 5 ]
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.
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A corporate spin-off, also known as a spin-out, [1] ... Fortive, Envista and Veralto were spun off from Danaher in 2016, 2019 and 2023 respectively.
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 ...