Veralto

What Veralto does

Veralto Corporation (NYSE: VLTO) is a publicly traded global provider of essential water and product quality solutions, organized into two reporting segments. The Water Quality segment serves municipal drinking water and wastewater utilities, industrial water users, and environmental monitoring agencies with analytical instruments (Hach), UV disinfection and membrane filtration (Trojan Technologies, AQUAFIDES, Aria Filtra, VIQUA, Aquafine), industrial water treatment chemicals (ChemTreat), flow measurement (McCrometer), environmental hydrology (OTT HydroMet, In-Situ), oceanographic instrumentation (Sea-Bird Scientific, Kipp & Zonen), and water data management software (Aquatic Informatics). The Product Quality & Innovation segment serves food, beverage, pharmaceutical, and consumer packaged goods manufacturers with coding and marking equipment (Videojet, Linx), color science and standards (X-Rite Pantone), packaging design and workflow software (Esko, including AI verification via GlobalVision), elemental analysis (XOS), and supply chain compliance software (TraceGains).

Veralto generates revenue through a mix of capital equipment sales, recurring consumables (reagents, inks, replacement parts), and growing software subscriptions. Approximately 60% of total sales are recurring, and the company sells primarily through direct enterprise sales forces supplemented by channel partners and distributors, with B2B quote-based pricing on annual or multi-year contracts. FY25 sales reached $5,503M (+6.0% YoY) and Q1 2026 sales reached $1,422M (+6.7% YoY), with ~17,000 associates across 60+ countries. The portfolio includes 14 wholly-owned operating companies with industry-leading brands, supported by the proprietary Veralto Enterprise System (VES) continuous improvement methodology inherited from the Danaher Business System. Since spinning off from Danaher in October 2023, Veralto has executed an active M&A program — including TraceGains ($350M), In-Situ ($435M), AQUAFIDES ($20M), and GlobalVision ($195M) — alongside a $750M share repurchase program and a $725M senior notes offering in May 2026 to fund continued capital deployment.

Name

Veralto

Legal name

Veralto Corporation

Website

https://veralto.com

Company type

Public

Founded year

2023

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Veralto (NYSE: VLTO) is a global provider of essential water and product quality solutions, operating through 14 wholly-owned companies across a Water Quality segment (instruments, UV treatment, chemicals, flow measurement, environmental monitoring) and a Product Quality & Innovation segment (coding/marking, color standards, packaging software, supply chain compliance), serving municipal, industrial, food, pharmaceutical, and CPG customers worldwide with ~$5.5B in FY25 sales.

Ownership category

akta.pro rank

Product category

Water and Product Quality Instrumentation

NAICS

Analytical Laboratory Instrument Manufacturing (334516)

SIC

Laboratory Analytical Instruments (3826), Miscellaneous Chemical Products (2890)

akta.pro primary industry

Monitoring & Control (Dosing Systems, Remote Monitoring, Sensors) (BPABAJAK)

Keywords

• Water quality solutions
• Water treatment instruments
• Coding and marking systems
• Packaging design software
• Color science standards

Headquarters

HQ city

Waltham

HQ country

United States

HQ region

North America

Offices15 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Water Quality Solutions: Water treatment, testing, purification, and environmental monitoring solutions including instruments, chemistries, software, and services. Includes companies like Hach, Trojan Technologies, ChemTreat, Aquatic Informatics, OTT HydroMet, McCrometer, Sea-Bird Scientific, Kipp & Zonen, and In-Situ.
2. Product Quality & Innovation Solutions: Coding, marking, labeling, color management, packaging design software, and compliance solutions. Includes Esko, Videojet, Linx, X-Rite Pantone, XOS, and TraceGains. Strong recurring revenue base with software subscriptions.
3. Hardware and Consumables Sales: One-time hardware sales (flow meters, spectrometers, UV systems, printers) combined with ongoing consumables (reagents, inks, parts) creating recurring revenue streams

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Veralto provides essential water and product quality solutions through two segments. The Water Quality segment sells water treatment chemicals, UV disinfection and membrane filtration systems, water testing instruments and chemistries, flow meters, hydrology and oceanographic sensors, and water data management software to municipal and industrial customers. The Product Quality & Innovation segment sells industrial coding and marking equipment, color measurement instruments and the Pantone color standard, packaging design software and hardware, and networked compliance software for the food, beverage, pharmaceutical, and consumer goods supply chain.

Product overview

Veralto is a global leader in essential water and product quality technology solutions organized into two segments: Water Quality and Product Quality & Innovation. The Water Quality segment (~9K associates, ~$3B sales) includes Aquatic Informatics (water data management), ChemTreat (industrial water treatment), Hach (water testing instruments), Kipp & Zonen (solar radiation measurement), McCrometer (flow instrumentation), OTT HydroMet (environmental monitoring), Sea-Bird Scientific (oceanographic instrumentation), and Trojan Technologies (UV water treatment). The Product Quality & Innovation segment (~7K associates, ~$2B sales) includes Esko (packaging design software/hardware), Linx (coding and marking), TraceGains (supply chain compliance software), Videojet (coding and marking), XOS (elemental analysis), and X-Rite Pantone (color science standards). The portfolio generates approximately 60% recurring sales and serves diverse end markets including municipal water, industrial water treatment, food/beverage, pharmaceuticals, and packaging. Recent acquisitions include In-Situ (environmental water analytics, ~$440M), GlobalVision (AI packaging verification, ~$195M), and TraceGains (supply chain compliance, $350M).

Differentiator

Problem solved

Functional benefit

Brands

• Aquatic Informatics: Innovative platforms for managing water data, protecting health, and reducing environmental impact
• ChemTreat
• Esko
• Hach
• Kipp & Zonen
• Linx
• McCrometer
• OTT HydroMet
• Sea-Bird Scientific
• TraceGains
• Trojan Technologies
• Videojet
• XOS
• X-Rite Pantone
• TrojanUV
• Aria Filtra
• Aquafine
• VIQUA

Products and services

• Aquatic Informatics water data management Water data management platforms for source water, drinking water, wastewater, and environmental monitoring, serving 1,500+ customers across 60 countries.
• ChemTreat industrial water treatment programs Industrial water and process treatment chemicals and programs for cooling towers, boilers, process water, and wastewater in North and South American industrial customers.
• Esko packaging design and workflow solutions Integrated software and hardware solutions for packaging design, prepress workflow, flexo platemaking, and print production, used by 9 of 10 major packaged-goods brands.
• Hach water analysis instruments and chemistries Analytical instrumentation, chemistries, and software for water analysis across municipal drinking water, wastewater, food, power, and chemical production applications.
• Kipp & Zonen solar and atmospheric instruments High-performance instruments for measuring solar radiation and atmospheric properties for meteorology, climate research, road weather, and renewable energy sectors.
• Linx coding and marking solutions Coding and marking solutions for date and batch coding of products and packaging using continuous inkjet, laser, thermal transfer overprinting, and case coding technologies.
• McCrometer precision flow meters Precision flow meters for liquid, steam, and gas measurement including V-Cone and McPropeller technologies, with the McCrometer CONNECT wireless platform for real-time soil, weather, and water data.
• OTT HydroMet environmental monitoring Integrated instrumentation and software delivering scalable, network-ready data for environmental and process water systems management, including hydrology stations and water-quality sensors.
• Sea-Bird Scientific oceanographic instrumentation Optical sensors, physical oceanographic instrumentation, and ocean observing systems used by scientists studying climate change and ecosystem health.
• TraceGains networked compliance platform Cloud-based networked compliance, safety, and product development software connecting 1,300+ customers with 90,000+ supplier locations and 600,000+ searchable ingredients for the food and beverage supply chain.
• Trojan Technologies UV water treatment systems UV water disinfection and membrane filtration systems for municipal, industrial, and residential markets treating 13 trillion gallons of water annually and supporting clean-water access for 275+ million people daily.
• Videojet coding and marking equipment Continuous and thermal inkjet, laser, thermal transfer overprinting, and case coding equipment with over 400,000 units installed worldwide for product traceability and packaging identification.
• XOS elemental analyzers Benchtop and process elemental analyzers for crude oil, renewable fuels, plastics pyrolysis, aviation fuels, catalysts, and OEM sub-systems.
• X-Rite Pantone color measurement and standards Color measurement instruments, color management software, and the Pantone Matching System (PMS) standard for accurate, consistent color from design through production.
• Hach NP6000sc Phosphate Analyser Next-generation phosphate analyzer for nutrient monitoring at water treatment facilities, with 75% lighter FX6 filter, quarterly cleaning cycle, and front-accessible reagent bottles.

Quantifiable outcome

• 81 billion gallons of water saved by ChemTreat customers in 2023
• +5 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature10 records

Partnerships

Two partnerships are on record, tiered core.

• Dow Chemical CompanycoreStrategic or Co-development Partner · 18 May 2026ChemTreat joined Dow's newly launched Coolant Care Network as a strategic national service provider for AI data center cooling. ChemTreat became Dow's only preferred service provider in Virginia, gaining access to Dow's DOWFROST LC and DOWFROST HD heat transfer fluids. This positions Veralto in the liquid-cooling reliability layer of high-density AI data centers.
• Axine Water TechnologiescoreStrategic or Co-development Partner · 13 November 2024Veralto invested approximately $15M for a minority interest in Axine Water Technologies, forming a strategic partnership for electrochemical oxidation technology. The partnership includes a commercial agreement with Trojan Technologies to expand Axine's electraCLEAR PFAS destruction technology in North American municipal and industrial markets.

Scale indicators18 records

Recent moves7 records

Expansion highlights7 records

Broad incumbents

• IDEX Corporation: IDEX operates a diversified portfolio of fluidics, dispensing, and engineered industrial products. It competes with Veralto in flow measurement, water-related technologies, and specialty industrial components.
• Ecolab: Ecolab is a large diversified provider of water, hygiene, and infection-prevention solutions with deep industrial water treatment programs. It overlaps with ChemTreat in industrial water and competes with Veralto's broader water quality offerings.
• Veolia Water Technologies: Veolia's Water Technologies division provides municipal and industrial water and wastewater treatment systems and services globally. It competes with Trojan Technologies, ChemTreat, and Hach in treatment solutions and services.
• Avery Dennison: Avery Dennison is a global materials science and manufacturing company specializing in labeling, packaging, and RFID solutions. It overlaps with Veralto's Product Quality & Innovation segment through labeling and packaging workflows.

Direct peers

• Mueller Water Products: Mueller Water Products manufactures water infrastructure products including valves, hydrants, and pipe fittings for municipal water systems. It is comparable to Veralto's municipal water focus via Hach and McCrometer.
• Badger Meter: Badger Meter is a leading manufacturer of flow measurement and control technologies serving water utilities and industrial markets. It directly overlaps with McCrometer's flow metering business within Veralto.
• Pentair: Pentair delivers water treatment and flow solutions for residential, commercial, and industrial markets. It competes with Veralto's water filtration, treatment, and flow instrumentation (McCrometer) businesses.
• Markem-Imaje (Dover Corporation): Markem-Imaje, part of Dover, is a leading global provider of coding, marking, and traceability solutions. It directly competes with Videojet and Linx in industrial coding and marking hardware and consumables.
• Watts Water Technologies: Watts Water designs and manufactures water quality, conservation, and flow control products for residential, commercial, and industrial applications. It is comparable to Veralto's water treatment and monitoring portfolio.
• Xylem: Xylem is a leading global water technology company serving municipal utilities, industrial, and commercial customers with pumps, treatment, and smart metering. It directly overlaps with Veralto's Water Quality segment across municipal and industrial water infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@VeraltoCorp
• LinkedInlinkedin.com/company/veralto

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries18 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Veralto