Veralto

Veralto is a United States-based technology company headquartered in Waltham, Massachusetts. It became an independent public company in September 2023 through a corporate spin-off from Danaher Corporation. The separation established Veralto as a standalone group focused on technologies used to measure, manage, treat, identify, and improve the quality of water and manufactured products. The company operates through two principal divisions. Water Quality represented approximately 60% of Veralto's 2024 revenue and brings together businesses serving municipal, industrial, laboratory, environmental, and commercial water applications. This division includes Hach, a provider of water-analysis instruments, reagents, software, and related services; Trojan Technologies, known for ultraviolet and other water-treatment systems; ChemTreat, which supplies industrial water-treatment chemicals, monitoring, and service programs; and SeaBird Scientific, which develops instruments and systems for oceanographic and aquatic research. Together, these businesses address water testing, process control, disinfection, industrial water management, and scientific observation. Product Quality & Innovation represented approximately 40% of 2024 revenue. It includes Videojet and Linx, which provide industrial marking, coding, and product-identification equipment and consumables; Esko, which develops software and hardware for packaging prepress, design, and production workflows; and X-Rite, a color-science and measurement business whose corporate structure includes Pantone. These operations serve manufacturers, packaging producers, consumer-goods companies, printers, and other organizations that need reliable product coding, packaging development, color consistency, and production quality control. Veralto's businesses generally operate in specialized, regulation-sensitive markets where customers depend on measurement accuracy, repeatable processes, compliance, and long-term service support. Its portfolio is therefore broader than a single product category: it combines analytical instruments, treatment technologies, chemicals, industrial printers, packaging-production systems, color-management tools, software, consumables, and technical services. The company positions this combination around environmental quality, operational reliability, product integrity, and innovation rather than around a single consumer-facing product brand. The company sells internationally. According to the cited reference material, 48% of its 2024 sales came from North America, 22% from Western Europe, and 30% from other locations. Following its formation, Veralto pursued portfolio expansion through acquisitions and strategic investments. It acquired TraceGains in October 2024, invested in Axine Water Technologies in November 2024, acquired Aquafides in February 2025, and invested in Emerald Technology Ventures in July 2025. These transactions extended its exposure to food and beverage compliance software, advanced water-treatment technologies, ultraviolet treatment systems, and venture-backed environmental innovation. Veralto is listed on the New York Stock Exchange under the ticker VLTO. Its identity is primarily that of a diversified industrial and environmental-technology group whose individual operating companies and brands often have longer histories and stronger market recognition than the Veralto name itself.

Veralto was created as part of Danaher Corporation's portfolio separation strategy. Danaher completed the corporate spin-off in September 2023, establishing Veralto as an independent public company rather than continuing to operate the relevant businesses as part of the Danaher group. The distribution gave Danaher shareholders one share of Veralto common stock for every three Danaher shares held as of September 13, 2023. The new company was headquartered in Waltham, Massachusetts, and listed under the ticker VLTO. The businesses transferred to Veralto were organized around two operating divisions. Water Quality combined companies involved in water analysis, water treatment, industrial water management, and aquatic research. Its portfolio included Hach, Trojan Technologies, ChemTreat, and SeaBird Scientific. Product Quality & Innovation combined businesses serving industrial product identification, packaging production, and color management, including Videojet, Linx, Esko, and X-Rite. X-Rite is also associated with Pantone, extending the division's reach into standardized color communication and color measurement. This structure gave Veralto a portfolio spanning both environmental infrastructure and manufacturing quality. Water Quality products are used to test water, control treatment processes, disinfect water, manage industrial systems, and support aquatic science. Product Quality & Innovation businesses supply marking and coding equipment, packaging-development tools, prepress and production systems, and color-measurement technologies. The companies commonly serve professional and industrial customers, and many of their offerings combine equipment with software, consumables, technical support, and recurring service relationships. Veralto's first reported period as an independent company was followed by expansion through acquisitions and investments. In October 2024, it acquired TraceGains, a cloud-based platform used for compliance and reporting in food and beverage safety and traceability. The transaction broadened Veralto's software exposure beyond physical measurement and production equipment. In November 2024, Veralto invested in Axine Water Technologies, adding a financial and strategic connection to advanced water-treatment innovation. In February 2025, Veralto acquired Aquafides, a producer of ultraviolet water-treatment systems. The transaction complemented the water-disinfection activities already present in its Water Quality businesses. In July 2025, Veralto invested in Emerald Technology Ventures, a venture-capital fund, supporting access to emerging technologies and potential future opportunities in relevant industrial and environmental markets. The company's geographic sales mix demonstrates an international operating footprint. For 2024, North America accounted for 48% of sales, Western Europe for 22%, and other locations for 30%. The business therefore combines a substantial North American base with meaningful European and other international activity. Veralto's corporate history remains short because the company was formed in 2023, but the operating businesses within the group include established specialist brands with their own market histories. As an independent public company, Veralto's ongoing development is defined by managing those specialist platforms, expanding water and product-quality capabilities, and using acquisitions and investments to extend its technology portfolio.

• 2025

  Aquafides acquisition

  [1]Veraltoen.wikipedia.org

  Veralto acquired Aquafides, a producer of ultraviolet water-treatment systems.

• 2025

  Emerald Technology Ventures investment

  [1]Veraltoen.wikipedia.org

  Veralto invested in Emerald Technology Ventures, a venture-capital fund focused on technology opportunities.

• 2024

  TraceGains acquisition

  [1]Veraltoen.wikipedia.org

  Veralto acquired TraceGains, adding cloud software for food and beverage compliance, safety reporting, and traceability.

• 2024

  Axine Water Technologies investment

  [1]Veraltoen.wikipedia.org

  Veralto invested in Axine Water Technologies, extending its relationships with advanced water-treatment technology.

• 2023

  Spin-off from Danaher

  [1]Veraltoen.wikipedia.org

  Danaher completed the corporate spin-off of Veralto in September, creating Veralto as an independent public company. Danaher shareholders received one Veralto share for every three Danaher shares held as of September 13.

A diversified environmental and industrial-technology group focused on water quality, water treatment, product identification, packaging workflows, color management, and compliance-oriented software. Veralto emphasizes specialized technologies, recurring consumables and services, measurement accuracy, operational reliability, and applications shaped by environmental, safety, and manufacturing requirements.

• Water analytics and treatment · 2023

  Water Quality

  Veralto's Water Quality division includes Hach, Trojan Technologies, ChemTreat, and SeaBird Scientific. The division covers water-analysis instruments and reagents, ultraviolet and other treatment systems, industrial water-treatment chemicals and services, and scientific instruments for aquatic and oceanographic research. It served as the larger of Veralto's two divisions in 2024, accounting for approximately 60% of revenue.

• Marking, coding, packaging, and color technology · 2023

  Product Quality & Innovation

  Product Quality & Innovation combines Videojet, Linx, Esko, and X-Rite. Its offerings support industrial marking and coding, packaging design and prepress, packaging production workflows, and color measurement and communication. The division represented approximately 40% of Veralto's 2024 revenue and serves manufacturers, packaging companies, printers, and consumer-goods supply chains.

• Compliance and traceability software

  TraceGains

  TraceGains is a cloud-based software platform acquired by Veralto in 2024. It supports regulatory compliance and reporting for food and beverage organizations, including processes related to safety and supply-chain traceability.

• Ultraviolet water treatment

  Aquafides

  Aquafides produces ultraviolet water-treatment systems. Veralto acquired the business in 2025, adding ultraviolet disinfection capability to its Water Quality portfolio.

• 2025

  Acquire AquafidesM&A

  Background

  Aquafides produces ultraviolet water-treatment systems, a technology aligned with Veralto's Water Quality division.

  Action taken

  Veralto acquired Aquafides in February 2025.

  Aftermath

  Aquafides expanded Veralto's ultraviolet water-treatment capabilities.

  Reported acquisition price. $20 million (February 2025)

  Source

• 2025

  Invest in Emerald Technology VenturesStrategy

  Background

  Emerald Technology Ventures is a venture-capital fund focused on technology opportunities.

  Action taken

  Veralto invested in Emerald Technology Ventures in July 2025.

  Aftermath

  The investment provided Veralto with exposure to venture-backed technologies and potential future innovations.

  Investment amount. $20 million (July 2025)

  Source

• 2024

  Acquire TraceGainsM&A

  Background

  TraceGains provided cloud software for compliance, reporting, food and beverage safety, and traceability.

  Action taken

  Veralto acquired TraceGains in October 2024.

  Aftermath

  The acquisition expanded Veralto's portfolio into compliance-oriented software and digital food and beverage workflows.

  Reported acquisition price. $350 million (October 2024)

  Source

• 2024

  Invest in Axine Water TechnologiesStrategy

  Background

  Axine Water Technologies develops advanced water-treatment technology.

  Action taken

  Veralto made a strategic investment in Axine Water Technologies in November 2024.

  Aftermath

  The investment strengthened Veralto's connection to emerging water-treatment technologies.

  Investment amount. $15 million (November 2024)

  Source

• 2023

  Establish Veralto as an independent public companyStrategy

  Background

  Danaher separated the businesses that became Veralto from its corporate structure, creating a standalone company focused on water quality and product-quality technologies.

  Action taken

  The spin-off was completed in September 2023, with eligible Danaher shareholders receiving Veralto shares according to a one-for-three distribution ratio.

  Aftermath

  Veralto began operating as an independent listed company under the ticker VLTO.

  Source

• 2025

  Veralto acquires Aquafides[1]Veraltoen.wikipedia.org

  M&A · Product generation

  Veralto acquired Aquafides, a company producing ultraviolet water-treatment systems, expanding its water-quality and disinfection portfolio.

• 2025

  Veralto invests in Emerald Technology Ventures[1]Veraltoen.wikipedia.org

  M&A

  Veralto invested in Emerald Technology Ventures, a venture-capital fund focused on technology and innovation opportunities.

• 2024

  Veralto acquires TraceGains[1]Veraltoen.wikipedia.org

  M&A · Product launch

  Veralto acquired TraceGains, a cloud software platform supporting regulatory compliance, reporting, food and beverage safety, and supply-chain traceability.

• 2024

  Veralto invests in Axine Water Technologies[1]Veraltoen.wikipedia.org

  M&A

  Veralto made a strategic investment in Axine Water Technologies, an advanced water-treatment technology company.

• 2023

  Danaher completes the spin-off of Veralto[1]Veraltoen.wikipedia.org

  M&A · Other

  Danaher completed the separation of Veralto as an independent public company. Eligible Danaher shareholders received one Veralto common share for every three Danaher shares held as of September 13, 2023.

1. 1Veraltoen.wikipedia.org
2. 2Veralto official websiteveralto.com