WASHINGTON (Feb. 1, 2013) – Danaher Corporation and Eaton announced 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 company that designs, manufactures and markets products and services to professional, medical, industrial and commercial customers. The Danaher Business System provides a foundation to its 63,000 associates around the world, serving customers in more than 125 countries. In 2012, it generated $18.3 billion of revenue.
Eaton is a power management company providing energy-efficient solutions that help 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 drive train and power train systems for performance, fuel economy and safety. Eaton acquired Cooper Industries plc in 2012.