Danaher announces new dental company Envista Holdings Corporation
WASHINGTON, US: Danaher Corporation has announced that Envista Holdings Corporation will be the name of the separate company it is to take public via an initial public offering in the second half of 2019. Envista will be comprised of three operating companies within Danaher's Dental segment: Nobel Biocare Systems, KaVo Kerr, and Ormco, all of which have significant positions in dental implants, equipment and orthodontics.
Danaher is a global science and technology innovator committed to helping its customers solve complex challenges and improving quality of life around the world. Its family of world class brands has leadership positions in the demanding and attractive health care, environmental and applied end-markets. With more than 20 operating companies, Danaher's globally diverse team of approximately 71,000 associates is united by a common culture and operating system, the Danaher Business System.
Envista will be led by Amir Aghdaei, who will become President and Chief Executive Officer. Mr. Aghdaei currently serves as Danaher Group Executive with responsibility for the Dental segment. Mr. Aghdaei stated, "Envista's culture will be built on four core values: 'Better Choices, Better Outcomes,' 'Relationships Built on Trust,' 'Innovation in Action,' and 'Continuous Improvement as a Competitive Advantage.' Our Danaher heritage helped us shape these values and serves as a strong foundation for our business.”
Envista will employ 12,000 people worldwide and intends to apply to list its common stock on the New York Stock Exchange. The stock symbol will be NVST. For more info, visit the company's website.