Fortive Corporation, a leading industrial technology conglomerate, has a diverse portfolio of subsidiaries and acquisitions in various sectors. These companies play a crucial role in Fortive’s mission to provide essential technologies for connected workflow solutions. Let’s take a closer look at some of the notable companies owned by Fortive:

Company Name Description
Accruent Next-generation facilities and asset management
Advanced Sterilization Products State-of-the-art infection prevention technologies
Anderson-Negele Superior hygienic sensing and sanitary process instrumentation
Censis Industry-leading surgical asset management
Fluke Industry-leading test and measurement tools
Fluke Health Solutions Advanced healthcare test and measurement
Gems Sensors & Controls Precision-engineered liquid, flow, and pressure sensors
Gordian Intelligent construction costing and operations
Hengstler Dynapar Customized counting and motion control components
Industrial Scientific Advanced gas detection and safety monitoring
Intelex Empowering sustainable business
Invetech Custom automation for innovative therapies
PacSci EMC Cutting-edge energetic materials technology
Provation End-to-end clinical productivity solutions
Qualitrol Data-driven monitoring for the global power infrastructure
ServiceChannel Peace of mind through peak performance
Setra Systems Innovative force-sensing technology
Tektronix Precision-engineered measurement and insights

Key Takeaways:

  • Fortive Corporation owns a wide range of subsidiary companies in various industries.
  • These subsidiaries specialize in areas such as facilities and asset management, infection prevention technologies, test and measurement tools, and healthcare solutions.
  • Fortive emphasizes innovation and growth through both acquisitions and organic development.
  • The company has a strong focus on corporate responsibility and has been recognized for its commitment to inclusion and diversity.
  • Fortive’s portfolio companies play a vital role in driving the company’s success in the industrial technology sector.

Fortive Corporation Overview

Fortive Corporation is an American industrial technology conglomerate headquartered in Everett, Washington. It specializes in providing essential technologies for connected workflow solutions. With three strategic segments—Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions—Fortive is a leading player in the global industrial technology sector.

Established in 2016 as a spin-off from Danaher, Fortive has grown into a multinational corporation with a presence in over 60 countries. With a workforce of more than 18,000 employees, the company is committed to driving innovation and delivering value to its customers.

As a testament to its success, Fortive is included in the S&P 500, a prestigious index of the largest publicly traded companies in the United States. Additionally, Fortune magazine recognized Fortive as a Future 50 company in 2018 and 2019, and it was named one of the world’s most admired companies in 2020.

Fortive Corporation at a Glance

Headquarters Everett, Washington
Segment Intelligent Operating Solutions, Precision Technologies, Advanced Healthcare Solutions
Employees Over 18,000
S&P 500 Component Yes
Recognitions Future 50 company (2018, 2019), World’s Most Admired Companies (2020)

Fortive Corporation’s success is driven by its dedication to innovation, customer-centric approach, and a strong culture of excellence. By leveraging its expertise in connected workflow solutions, Fortive continues to shape the future of industrial technology.

Fortive Acquisitions and Divestitures

When it comes to expanding its portfolio, Fortive Corporation has been proactive in making strategic acquisitions. These acquisitions have allowed the company to broaden its range of offerings and strengthen its position in the market. Notable acquisitions include eMaint, Industrial Scientific, Landauer, Accruent, and Censis Technologies, to name a few.

One significant move by Fortive was the binding offer made to acquire Johnson & Johnson’s Advanced Sterilization Products (ASP) business. This acquisition would further enhance Fortive’s presence in the healthcare sector, particularly in the field of infection prevention technologies.

On the divestiture side, Fortive made a strategic decision to spin off its automation businesses to Altra Industrial Motion. This move allowed Fortive to focus on its core areas of expertise and streamline its operations.

In terms of organizational structure, Fortive recently announced its intention to split into two separate publicly traded companies. The newly formed company, named Vontier, will continue to build on Fortive’s legacy of innovation and customer-centric culture.

Fortive’s commitment to innovation is evident in its approach to growth. The company actively seeks opportunities for both mergers and acquisitions, as well as organic growth. This strategy, combined with its culture of experimentation and innovation, has allowed Fortive to continuously evolve and stay ahead in the ever-changing business landscape.

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Fortive’s dedication to innovation goes hand in hand with its focus on cultivating a vibrant corporate culture. The Fortive Business System (FBS) drives their culture of continuous improvement and fosters an environment where employees are encouraged to think creatively and challenge the status quo.

Moreover, Fortive places great importance on inclusion and diversity. The company has been recognized as a top place to work for LGBTQ equality, demonstrating its commitment to creating an inclusive and supportive work environment for all employees.

Fortive also emphasizes corporate responsibility and has been named one of Newsweek’s top 500 most responsible companies. The company actively engages in initiatives to drive positive social and environmental impact, aligning its business practices with sustainable and ethical principles.

In summary, Fortive’s strategic acquisitions and divestitures, along with its focus on innovation, culture, and corporate responsibility, position the company as a key player in the industrial technology space. With Vontier on the horizon, Fortive is poised for continued success and growth in the future.

FAQ

What companies does Fortive own?

Fortive owns a diverse portfolio of companies, including Accruent, Advanced Sterilization Products, Anderson-Negele, Censis, Fluke, Fluke Health Solutions, Gems Sensors & Controls, Gordian, Hengstler Dynapar, Industrial Scientific, Intelex, Invetech, PacSci EMC, Provation, Qualitrol, ServiceChannel, Setra Systems, and Tektronix.

What is Fortive Corporation?

Fortive Corporation is an American industrial technology conglomerate headquartered in Everett, Washington. It is a component of the S&P 500 and specializes in providing essential technologies for connected workflow solutions.

What are the notable acquisitions and divestitures of Fortive?

Fortive has made several notable acquisitions to expand its portfolio, including eMaint, Industrial Scientific, Landauer, Accruent, and Censis Technologies. It has also made a binding offer to buy Johnson & Johnson’s Advanced Sterilization Products (ASP) business. In terms of divestitures, Fortive spun off its automation businesses to Altra Industrial Motion.

What is Vontier?

Vontier is the name of the new company that Fortive intends to split into. It will be a separate publicly traded company.

What is the focus of Fortive on innovation?

Fortive has a strong focus on innovation, both through mergers and acquisitions and organic growth. The company has a culture of experimentation and innovation, driven by the Fortive Business System (FBS).

What initiatives does Fortive have around inclusion and diversity?

Fortive has initiatives around inclusion and diversity and has been recognized as a top place to work for LGBTQ equality.

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What is Fortive’s approach to corporate responsibility?

Fortive emphasizes corporate responsibility and has been named one of Newsweek’s top 500 most responsible companies.

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