Danaher Corporation : Danaher Corporation and Eaton Complete Apex Tool Group
WASHINGTON, D.C., February 1, 2013 - Danaher Corporation (NYSE: DHR) and Eaton
(NYSE:ETN) announced today that they have completed the previously announced
sale of Apex Tool Group to Bain Capital. Danaher and Cooper Industries each
maintained a 50 percent joint venture ownership interest in Apex. Cooper
Industries was acquired by Eaton on November 30, 2012. The divestiture of Apex
Tool Group was previously announced on October 10, 2012.
Danaher is a science and technology leader that designs, manufactures, and
markets innovative products and services to professional, medical, industrial,
and commercial customers. Our premier brands are among the most highly
recognized in each of the markets we serve. The Danaher Business System
provides a foundation to our 63,000 associates around the world, serving
customers in more than 125 countries. In 2012, we generated $18.3 billion of
revenue. For more information please visit our website: www.danaher.com.
Eaton is a diversified power management company providing energy-efficient
solutions that help our customers effectively manage electrical, hydraulic and
mechanical power. The company is a global technology leader in electrical
products, systems and services for power quality, distribution and control,
power transmission, lighting and wiring products; hydraulics components,
systems and services for industrial and mobile equipment; aerospace fuel,
hydraulics and pneumatic systems for commercial and military use; and truck
and automotive drivetrain and powertrain systems for performance, fuel economy
and safety. Eaton acquired Cooper Industries plc in 2012. Eaton has
approximately 100,000 employees and sells products to customers in more than
150 countries. For more information, visit www.eaton.com.
Matt R. McGrew
Vice President, Investor Relations
2200 Pennsylvania Avenue
Washington, D.C. 20037-1701
Telephone: (202) 828-0850
Fax: (202) 828-0860
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Danaher Corporation via Thomson Reuters ONE
Press spacebar to pause and continue. Press esc to stop.