The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

Danaher Corporation and Eaton Complete Apex Tool Group Divestiture

Friday, February 01, 2013

Danaher Corporation and Eaton Complete Apex Tool Group Divestiture16:01 EST Friday, February 01, 2013 WASHINGTON (Business Wire) -- 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. Danaher CorporationMatt R. McGrew, Vice President, Investor Relations, 202-828-0850Fax: 202-828-0860OREatonDonald Bullock, Senior Vice President, Investor Relations, 216-523-5127Scott R Schroeder, Media Relations, 216-523-5150