Fortive is an American diversified industrial technology conglomerate company headquartered in Everett, Washington.
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17 Facts About Fortive
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In 2016, Fortive controlled over 20 businesses in the areas of field instrumentation, transportation, sensing, product realization, automation, and franchise distribution.
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In July 2017 Fortive acquired Pittsburgh-based Industrial Scientific, which manufactures gas detection products.
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Over time, Fortive would establish their second quarters in the Industrial Scientific building.
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In July 2018, Fortive announced it was buying software firm Accruent for about $2 billion.
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Also in July 2018, Fortive announced it would buy construction software company Gordian for $775 million from private equity firm Warburg Pincus.
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Later that month, Fortive entered into a definitive agreement with Bayard Capital and Accel Partners to acquire ServiceChannel, a leading global provider of SaaS-based multi-site facilities maintenance service solutions with an integrated service-provider network.
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Fortive anticipates that the acquisition will close in the third quarter of 2021.
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ServiceChannel expands Fortive's leading offering of Facility and Asset Lifecycle workflow solutions, alongside Accruent and Gordian.
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In October 2018, Fortive spun off their automation businesses, namely, Kollmorgen, Thomson, Portescap, Jacobs Vehicle Systems, and associated subsidiaries to Altra Industrial Motion for an estimated $3 billion.
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In September 2019, Fortive announced its intention to split into two separate publicly traded companies.
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Fortive has sought to achieve organic growth through establishing a culture of experimentation and innovation.
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In May 2020, Fortive partnered with Pioneer Square Labs to launch tech startups.
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At Fortive it has been branded as the Fortive Business System or FBS for short.
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FBS has evolved to fit the needs of Fortive's operating companies and strategic focus on innovation.
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In 2018,2019 and 2020 Fortive was named among the best places to work for LGBTQ Equality by the Human Rights Campaign.
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17.
Fortive allows each of its associates a paid day of leave each year to volunteer in their local community.
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