Extracts from JimPinto.com eNews dated 10 March '00 and 17 March '00
Danaher Acquires Two More(Announced in JimPinto.com eNews dated March 10, '00)
Danaher is buying Kollmorgen for $324 million and the motion control business of Warner Electric for $144 million. Still more fuel for growth for Danaher, which is aggressive and hungry to get to the next level.
Danaher Acquisition - what next ?Following news of the two Danaher acquisitions, a JimPinto.com subscriber asked :
You're right on - these acquisitions are "to gain market share and expand distribution" - not for new technology. Danaher is a Manufacturing-orientated organization, and they'll provide manufacturing quality and cost improvements. In my opinion, the overlaps will be measured, and simply consolidated or divested.
In a relatively flat marketplace, the name of the game for the big names, with their stock traded on a major exchange, is to grow through acquisition, without diluting profit percentage.
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