Press Releases

  • July 2, 2018
    • Agreement to Acquire Leading Provider of Construction Cost Data, Software and Service
    • Provides Entry into the Attractive, High-Single Digit Growth Facilities Maintenance and Management Segment within the $20 Billion Total Addressable Construction Software Market
    • Long Runway of Consistent Revenue Growth; Positions Fortive in Underpenetrated, Low Volatility Verticals Serving the $1.5B Segment
    • Advances Fortive’s Portfolio Enhancement Strategy to Invest in Software Enabled Workflows to Increase Growth Profile while Reducing Cyclicality
    • Expected to Achieve 10% ROIC in less than 5 Years
    EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) announced today that it has entered into a definitive agreement with Warburg Pincus to acquire Gordian, a privately-held, leading provider of construction cost data, software and service. The acquisition will be subject to customary closing conditions, including regulatory approvals, and will be financed with available cash. Since pioneering the industry’s first procurement platform, Gordianmore...
  • June 29, 2018
    EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) announced today the closing of its underwritten public offering of 1,380,000 shares, or $1.38 billion aggregate liquidation preference, of its 5.00% Mandatory Convertible Preferred Stock, Series A, par value $0.01 per share (“mandatory convertible preferred stock”). The shares of mandatory convertible preferred stock sold in the offering include 180,000 shares (“option shares”), or $180.0 millionmore...
  • June 28, 2018
    EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) announced today that it will webcast its earnings conference call for the second quarter 2018 on Thursday, July 26, 2018 beginning at 5:30 p.m. ET and lasting approximately 1 hour. The call and an accompanying slide presentation will be webcast on the "Investors" section of Fortive’s website, www.fortive.com, under "Events & Presentations." A replay of the webcast will be availablemore...
  • June 26, 2018
    EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) announced that it has priced its underwritten public offering of 1,200,000 shares, or $1.2 billion aggregate liquidation preference, of its 5.00% Mandatory Convertible Preferred Stock, Series A, par value $0.01 per share (“mandatory convertible preferred stock”), at a public offering price of $1,000 per share. Fortive has also granted the underwriters an option for a period of 30 days to purchase up tomore...
  • June 26, 2018
    EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) announced that it has commenced an underwritten public offering of 1,000,000 shares, or $1.0 billion aggregate liquidation preference, of its Mandatory Convertible Preferred Stock, Series A, par value $0.01 per share (“mandatory convertible preferred stock”). Fortive also intends to grant the underwriters an option for a period of 30 days to purchase up to an additional 150,000 shares, or $150 millionmore...