Danaher Announces New Environmental and Applied Solutions Company to Be Named Veralto Corporation

ShanghaiFebruary 10, 2023/PR Newswire/ -- WASHINGTON, Feb. 8, 2023 -- Danaher announced that Veralto Corporation will be the name of the independent, publicly traded company that Danaher plans to create in the fourth quarter of 2023.

Veralto will be composed of several market-leading brands from Danaher's Environmental and Applied Solutions (EAS) segment, including Hach, ChemTreat, Trojan, OTT HydroMet, and McCrometer from Danaher’s water quality management platform, as well as Videojet, Esko, X-Rite Pantone, and Linx from Danaher’s product identification platform. In 2022, the EAS segment generated revenue of $4.8 billion and employed approximately 16,000 people globally. As an independent entity, Veralto is expected to receive an investment-grade credit rating. Jennifer L. Honeycutt will serve as the new company’s President and Chief Executive Officer. Ms. Honeycutt currently serves as Danaher’s Global Executive Vice President, overseeing the EAS segment.

Ms. Honeycutt said, "Veralto is composed of two Latin roots, 'Veri' meaning truth and 'Alto' meaning height, reflecting our commitment to excellence and pursuit of higher goals, inspiring us to create a better future. As stewards of the world's most vital resources, we will help ensure that billions of people have access to safe food, water, and medicine every day."

"Building on Danaher's strong advantages, the Veralto team will continue to provide trusted expertise to help customers address their most complex challenges." She continued, "The culture of continuous improvement derived from the Danaher Business System will be integrated into the Veralto Enterprise System. Our culture will also continue to provide the company with a sustainable competitive advantage."

Veralto's headquarters will be located in Waltham, Massachusetts, and it plans to list on the New York Stock Exchange under the ticker symbol VLTO.