Danaher is a diversified technology leader. Danaher designs, manufactures, and markets innovative products and services to professional, medical, industrial, and commercial customers. Recent news, Danaher of the District has been on an outright tear, racking up 15 acquisitions since last February.
Danaher, in its biggest deal, snagged Beckman Coulter, which makes diagnostic research equipment for biomedical companies, for about $6.8 billion last week. The company, based in Brea, Calif., with about 11,800 employees and annual revenue of $3.7 billion, is widely considered an industry leader. News of the deal sent Danaher's shares up $1.35, or 2.8 percent, to $49.33. Danaher projected that the deal, which was completed a year ago, would increase its annual revenue by more than $650 million.
Danaher has been able to nearly double the operating margins of many of the companies that it has picked up in recent years. Danaher has been retreating from some of its more capital-intensive, industrial segments, such as aerospace. Several weeks ago, the company sold Pacific Scientific Aerospace for $685 million to Britain's Meggitt.
Most of the other transactions Danaher recently completed were for less than $500 million, including the purchase of Belgium software maker EskoArtwork last month and electronics maker Keithley Instruments in September.
Danaher, which last year reported an 18 percent increase in annual revenue to $13.2 billion, is well capitalized for future acquisitions. Danaher company took some hits that led to the closing of 30 facilities and elimination of about 3,300 jobs to save $220 million a year during the recession.
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