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Danaher Corporation

In: Business and Management

Submitted By chaz414
Words 1337
Pages 6
Brief History
In the early 1980's, Steven and Mitchell Rales', two brothers of four, formed their initial investment vehicle, Equity Group holdings, with the objective acquiring businesses (BHARAT ANAND, COLLIS , & HOOD , 2011). Their objective evolved into vision of a manufacturing company, dedicated to continuous improvement and customer satisfaction, which began during a fishing trip on a tributary of the south fork of the Flat Head River in western Montana called the Danaher (Danaher Corporation). The origin of the name "Danaher" goes back to the root "Dana," a Celtic word meaning, "swift flowing" that dates to before 700 BC (Danaher Corporation).
Danaher can trace its origins as back to 1969 when Danaher's predecessor, DMG, Inc., was organized as a real estate investment trust (Danaher Corporation). DMG had a $130 million in tax loss carry forwards, in which the two brothers used to shelter their manufacturing earnings (BHARAT ANAND, COLLIS , & HOOD , 2011). In 1984, they adopted the name Danaher (Danaher Corporation).
Operating Segments and Performance
Danaher operates in segments that involve the designing, manufacturing and marketing of professional, medical, industrial and commercial products and services (Danaher Corporation). The company has a global presence in the US, China, Germany and Japan. Its headquarters are located in Washington, DC, and employed about 66,000 people as of December 31, 2013 (MarketLine, 2014).
According to a company profile report by MarketLine, Danaher recorded revenues of $19,118 million during the financial year ended December 2013 (FY2013), an increase of 4.7% over FY2012 (MarketLine, 2014). Additionally, the report stated that the operating profit of the company was $3,274.9 million in FY2013, an increase of 3.5% over FY2012 (MarketLine, 2014). The net profit of the company was $2,695 million in FY2013, an increase of...

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