The Danaher Corporation
is an American company with its headquarters in Washington, D.C., United States. Its products are concentrated in the fields of design, manufacturing, and marketing of industrial and consumer products. It operates in Five segments: Test & Measurement, Dental, Industrial Technologies, Environmental, and Life Science & Diagnostics.
The company was organized in 1969. It was formerly known as DMG, Inc.
, and changed its name to Diversified Mortgage Investors, Inc.
, in 1978, then to Danaher Corporation
in 1984. 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
, of Radford, Virginia.