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On 14 September 2022, Danaher Corporation announced its intention to spin off its environmental & applied solutions (EAS) business unit as an independent, publicly traded company. The initial public offering, which is expected to close in Q4 2023, sets in motion the potential remaking of Danaher’s water business.
In this Research Note:
- An independent EAS presents opportunities to streamline water business
- More water M&A activity anticipated in wake of public offering
- EAS spinout aligns with Danaher’s corporate, biotech-focused strategy