Danaher Corporation and Eaton Complete Apex Tool Group Divestiture
WASHINGTON -- February 1, 2013
The following announcement is also being issued by Danaher:
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, 202-828-0850
Donald Bullock, Senior Vice President, Investor Relations, 216-523-5127
Scott R Schroeder, Media Relations, 216-523-5150
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