JOIN US Danaher Corporation, the $20-billion technology group, on Thursday inaugurated its third research and development (R&D) centre in the country in Bengaluru and said India would be its global hub for high-end research and development (R&D) work.
According to sources privy to the development, the NYSE-listed company wants to focus on high growth markets like India by acquiring companies in business segments related to environment, life sciences and diagnostics, test and measurement, dental and industrial technologies.
The company made its last India acquisition in 2009 when its wholly owned subsidiary Gilbarco acquired L&T’s fuel dispenser unit.
The technology giant’s India business registered rapid growth of 30 per cent CAGR (compound annual growth rate) during the last five years.
Commenting on the development, Danaher India President Jai Shankar Krishnan said, “The new centre will focus on breakthrough R&D innovations and accelerated product engineering capabilities for Danaher’s global and local markets.”