In 1935, engineers, Børge Aagaard Nielsen and Carl Schrøder, founded Radiometer to develop measuring devices for the growing Danish radio industry.

[4] A few years later, Radiometer was contacted by the Carlsberg laboratories and asked to develop an analytical device for the detection of the acid-base (pH) level in liquids.

[9] HemoCue develops, produces and markets medical diagnostic products for point-of-care testing like hemoglobin, glucose and others worldwide.

Notable brands such as Fluke, Qualitrol, Tektronix, Gilbarco Veeder-Root, Kollmorgen and Matco Tools were included in the spin-off.

[16] The companies within this segment offer a broad range of analytical instruments, reagents, consumables, software and services used to diagnose diseases and make treatment decisions in histopathology labs, hospitals and other critical care settings.