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Danaher Buys Navman Wireless

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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.


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Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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Related Tickers

7/2/2015 4:02 PM
DHR $86.80 Up +0.46 +0.53%
Danaher Corp CAPS Rating: *****

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