Company History
Fluke was incorporated in Washington state by John Fluke on October 7, 1953 as the John Fluke Manufacturing Company, Inc. It started with electronics testing equipment such as power meters and ohmmeters, and followed later by ammeters.
Fluke continued to profit from healthy markets and its technological expertise going into the 1970s. Market growth slowed beginning in the early 1970s, but Fluke was able to sustain profitability by introducing new products and maintaining its dominance of a few key product categories. By the end of the decade the total market for test and measurement equipment had grown to $6 billion. Fluke's share of that figure was a healthy $150 million annually by the end of the 1970s. And industry sales continued to increase in the 1980s (between 1975 and 1985, industry sales rose at an average of nearly 20 percent annually).
Read more about this topic: Fluke Corporation
Famous quotes containing the words company and/or history:
“Whether lawyer, politician or executive, the American who knows what’s good for his career seeks an institutional rather than an individual identity. He becomes the man from NBC or IBM. The institutional imprint furnishes him with pension, meaning, proofs of existence. A man without a company name is a man without a country.”
—Lewis H. Lapham (b. 1935)
“All history and art are against us, but we still expect happiness in love.”
—Mason Cooley (b. 1927)