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Announced

Completed

Danaher completed the spin-off of Veralto.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Spin Off

Demerger

Completed

Friendly

Single Bidder

water quality testing

Water

wastewater treatment

water quality

Domestic

Majority

Public

Synopsis

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Danaher, a global science and technology innovator committed to helping its customers solve complex challenges and improving quality of life around the world, completed the spin-off of Veralto, a water quality company that helps customers manage, treat, purify, and protect the world’s waters, from municipal and also provides wastewater treatment facilities. Danaher stockholders received one share of common stock of Veralto for every three shares of Danaher common stock held. "Today marks an exciting milestone for Danaher. The successful spin-off of Veralto as an independent company creates exceptional opportunities for both Danaher and Veralto to better serve their customers, deliver on their respective strategic priorities and create greater long-term shareholder value," Rainer M. Blair, Danaher President and CEO.

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