Danaher Buys Navman Wireless

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

On Tuesday, Danaher (NYSE: DHR  ) announced that it has acquired on-demand "fleet and asset management" software company Navman Wireless for an undisclosed sum.

In a press release on the acquisition, Danaher noted that Navman has enjoyed "five successive years of revenue and installed base growth" in its Online AVL2 fleet and asset management platform. Navman's tech "currently monitors more than 175,000 vehicles and assets owned by over 14,000 organizations worldwide."

Danaher says it intends to operate Navman as a standalone subsidiary.

Danaher shares reacted positively to the news, rising 0.5% in early trading to $61.01.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2222868, ~/Articles/ArticleHandler.aspx, 9/26/2016 3:19:35 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 days ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:05 PM
DHR $77.59 Down -0.08 -0.10%
Danaher CAPS Rating: *****