2013-02-01 22:01:32 -
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,
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
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Source: Danaher Corporation via Thomson Reuters ONE