“Origins - In the early 1980's, Steven and
Mitchell Rales' vision of a manufacturing company, dedicated to continuous
improvement and customer satisfaction, was conceived during a fishing trip on
the Danaher, a tributary to the south fork of the Flat Head River in western Montana.The
origin of the name "Danaher" goes back to the root "Dana,"
a Celtic word dating from before 700 BC and meaning "swift flowing”. Danaher
traces its origins back to 1969 when its predecessor, DMG, Inc., was organized
as a real estate investment trust. In
1978, DMG, Inc. changed its name to Diversified Mortgage Investors, Inc., and
in 1984 we adopted the name Danaher. An
important element of the Company’s history has been the evolution of the
Danaher Business System (DBS) which began in our Jacobs Vehicle Systems
business in the late 1980’s. It was there that Danaher became one of the first
North American companies to utilize the principles of kaizen, the Japanese word
for continuous improvement. Representing a truly global process today, DBS is
utilized by every operating location, function and level at Danaher to shape
strategy, focus execution and create value for customers and shareholders
alike.
Building a Strong Foundation - In the early
90's, Danaher consisted of a group of discrete, cyclical businesses. Our
corporate vision was to achieve above average growth along with reduced
cyclicality. In the mid 90's, we began moving from fragmented businesses
towards the creation of strategic platforms with sustainable competitive
advantages and leadership positions in multi-billion dollar, global markets. Since then our portfolio has evolved to become
a more global, higher growth, more scientific and technological set of
businesses. Today, Danaher is a science and technology leader that designs,
manufactures, and markets innovative products and services to professional,
medical, industrial, and commercial customers.
Our portfolio of premier brands is among the most highly recognized in
each of the markets we serve. Our 59,000
associates around the world serve customers in more than 125 countries. In 2011, we generated $16.1 billion of
revenue from five reporting segments: Test & Measurement, Environmental,
Dental, Life Sciences & Diagnostics, and Industrial Technologies.
Looking Ahead - As we continue to evolve our
portfolio, the elements of a swift flowing river have been retained. The
company has never strayed from the clarity of our initial vision. The flow of
the business is ever changing but the guiding principles of DBS --continuous
improvement and customer satisfaction--remain constant. With
DBS providing the inventory of growth and cost tools, we are aggressively
pursuing our goal to build an outstanding team, a high quality portfolio and a
sustainable business model achieving superior and sustainable financial
results. That's our vision of the future - the vision we're aggressively
pursuing as we work to build a global science and technology company with DBS.”
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