About Danaher Corporation (DHR)

Company Description:

Danaher Corporation operates as a globally diversified conglomerate with its activities encompassing the design, manufacture, and marketing of professional, medical, industrial, and commercial products and services. The company's influential presence in the diagnostics and research sector of healthcare is a testament to its innovative approach and dedication to life sciences and diagnostics, industrial, and environmental and applied solutions.

Founded by Steven M. Rales and Mitchell P. Rales, Danaher Corporation started its journey in 1969 and is now headquartered in Washington, DC, United States. The corporation has grown significantly over the years and has become a leader in the field of science and technology.

Main Product(s):

Danaher’s products span a wide range of sectors, but it primarily focuses on professional instrumentation, medical technologies, industrial technologies, and research and diagnostic solutions.

Short History of Danaher Corporation:

• 1969 – Danaher was founded by brothers Steven M. Rales and Mitchell P. Rales.
• 1984 – The company was reorganized and adopted the Danaher name after the Danaher Creek in Montana where the Rales brothers fished.
• 1990s – Expanded into the water quality and product identification sectors.
• 2005 – Acquisition of Radiometer A/S marked a significant expansion in the medical diagnostics field.
• 2016 – Completed the spinoff of its industrial technologies businesses into a new company named Fortive Corporation.
• 2019 – Acquired the biopharma business from General Electric’s Life Sciences division.
• 2021 – Announced the acquisition of Aldevron, which serves as a manufacturing partner in the field of genetic medicine.