Danaher Announces New Public Dental Company to Be Named Envista Holdings Corporation

Charles Gross 6/27/2019 2:56:09 AM

Danaher Corporation (NYSE: DHR) ('Danaher') today announced that Envista Holdings Corporation ('Envista' or the 'Company') will be the name of the separate company Danaher intends to create and 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. These businesses have significant positions in dental implants, orthodontics, dental equipment and consumables, and include brands such as Nobel Biocare, KaVo, Kerr, i-CAT, Dexis, Metrex, Pelton & Crane, Ormco, Implant Direct, and Orascoptic. 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.

Envista intends to apply to list its common stock on the New York Stock Exchange. The stock symbol will be NVST.

Envista will employ 12,000 people worldwide.

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CBOE Holdings Inc. published this content on 27 June 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 June 2019 08:34:18 UTC