Fortive - M&A Summary and Business Overview

Test/measurement EquipmentCompany

Fortive M&A Summary

Fortive has acquired 10 companies, including 6 in the last 5 years. A total of 6 acquisitions came from private equity firms.

Fortive’s largest acquisition to date was in 2018, when it acquired Accruent for $2.0B. Fortive has acquired in 7 different US states, and 2 countries. The Company’s most targeted sectors include software (56%) and internet software and services (23%).

Fortive Business Overview

Where is Fortive headquartered?

Fortive is headquartered in Everett, Washington.

What is Fortive’s revenue?

Fortive disclosed revenue of 5,826M USD for 2022 and 5,255M USD for 2021.

How many employees does Fortive have?

Fortive has 18,000 employees.

What sector is Fortive in?

Fortive is a test/measurement equipment company.

When was Fortive founded?

Fortive was founded in 2015.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity9
  • Total Sectors Invested 4
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 6
  • M&A Advisors 9

Fortive

Fortive Corporation

6920 Seaway Boulevard,
Everett, Washington 98203
United States,
(425) 446-5000
www.fortive.com

Fortive is a diversified designer, developer, manufacturer, servicer and marketer of professional and engineered products, software, and services for a variety of end markets. Fortive operates through two business segments. These include Professional Instrumentation and Industrial Technologies. The Professional Instrumentation segment consists of the Advanced Instrumentation & Solutions and Sensing Technologies businesses. The Industrial Technologies segment consists of the Transportation Technologies, Automation & Specialty Components and Franchise Distribution businesses. Fortive was founded in 2015 and is based in Everett, Washington.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 4 - 4 - 1 - 9
vol $3.5B $1.4B $1.5B $6.4B
Sell (0.0/yr) # - - - - - - 0
  9

Most Recent M&A

Company Date Value Type
EA Elektro-Automatik GmbH & Co.KG 2023-10-23 1.5B USD Add-on Acquisition
Viersen, Germany · www.elektroautomatik.com
Provation Software, Inc. 2021-12-03 1.4B USD Add-on Acquisition
Minneapolis, Minnesota · www.provationmedical.com
ProVation Medical, Inc. 2021-12-03 - Add-on Acquisition
Minneapolis, Minnesota · www.provationmedical.com
ServiceChannel, Inc. 2021-07-12 - Add-on Acquisition
Pleasanton, California · www.servicechannel.com
TeamSense, Inc. 2021-07-07 - Add-on Acquisition
Seattle, Washington · www.teamsense.com
Censis Technologies, Inc. 2019-11-07 - Add-on Acquisition
Franklin, Tennessee · www.censis.com
Accruent, Inc. 2018-07-31 2.0B USD Add-on Acquisition
Austin, Texas · www.accruent.com
The Gordian Group, Inc. 2018-07-02 775M USD Add-on Acquisition
Mauldin, South Carolina · www.thegordiangroup.com
Landauer, Inc. 2017-09-06 770M USD Add-on Acquisition
Glenwood, Illinois · www.landauerinc.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Landauer, Inc. 2017-09-06 Landauer’s Therapy Physics Business 2022-10-17 1
Glenwood, Illinois · www.landauerinc.com Glenwood, Illinois

M&A by Sector

Sector Buy # Value Sell # Value
Software 5 (56%) 4.2B (65%) - -
Internet Software and Services 2 (22%) - - -
Electrical Equipment 1 (11%) 1.5B (23%) - -
Technology Hardware 1 (11%) 770M (12%) - -
Total 9 $6.4B - -

By Geo

State/Country Buy Value Sell Value
United States 8 5.0B - -
  Minnesota 2 1.4B - -
  Washington 1 - - -
  Texas 1 2.0B - -
  Tennessee 1 - - -
  South Carolina 1 775M - -
  Illinois 1 770M - -
  California 1 - - -
Germany 1 1.5B - -
Domestic 8 (89%) 5.0B (77%) - -
Cross-border 1 (11%) 1.5B (23%) - -
Total 9 $6.4B - -

Top M&A Advisors

Financial Deals
Credit Suisse Investment Banking
2
Evercore Group
2
UBS Investment Bank
1
Legal Deals
Kirkland & Ellis
3
Wilmer Cutler Pickering Hale and Dorr LLP
2
Freshfields
1

Deal Values

buy # Total
> $1B 3 $4.9B
$100M to $1B 2 $1.5B
TOTAL $6.4B
Largest Accruent, Inc.
$2.0B (2018-07-31)

M&A Connections

Deals
Acquired from
Investor(s)
56%
5 (56%)

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