Pall
Industryweek 8752 Pall
Industryweek 8752 Pall
Industryweek 8752 Pall
Industryweek 8752 Pall
Industryweek 8752 Pall

Danaher's Big Deals -- Purchasing Pall for $13.8 Billion, Splitting in Two

May 13, 2015
The all-cash deal values Pall at $127.20 per share, a 28% premium above the closing price on May 11.

NEW YORK - Danaher Corp. (IW 500/63) said Wednesday it plans to acquire water filtration company Pall Corp. (IW 500/306) for $13.8 billion and announced plans to split into two companies.

The all-cash deal values Pall at $127.20 per share, a 28% premium above the closing price on May 11, the last day prior to media stories on the possible transaction.

Danaher, which provides industrial goods and services in dental, petroleum and other sectors, said Pall's sophisticated filtration products would boost its water business.

"Pall will provide us a leading business with significant runway for expansion and strengthens our life sciences position in the strategically attractive, high-growth biopharmaceutical market," said Danaher chief executive Thomas Joyce. 

Pall will operate as a subsidiary of Danaher and will keep its brand.

Pall had revenues of $2.8 billion in 2014, while Danaher had revenues of $19.9 billion.

Danaher also announced it would split into two independent publicly traded companies. 

The larger "science and technology" company, which will include Pall, comprises life sciences, water quality and dental segments, while the smaller "diversified industrial growth" company includes brands in automation and sensors.

"Each company will be more focused with access to the capital necessary to pursue organic and inorganic growth opportunities," Joyce said.

Copyright Agence France-Presse, 2015

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!