Press Releases

  • September 26, 2018
    EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (NYSE: FTV) announced today the preliminary results of its exchange offer for Fortive common stock in connection with the previously announced separation of Fortive’s Automation and Specialty platform (excluding Fortive’s Hengstler and Dynapar businesses) (the “A&S Business”) and merger of Stevens Holding Company, Inc., the Fortive subsidiary holding its A&S Business (“Stevens Holding”), with amore...
  • September 24, 2018
    EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (NYSE: FTV) announced today the final exchange ratio for its split-off exchange offer for Fortive common stock in connection with the previously announced separation of Fortive’s Automation and Specialty platform (excluding Fortive’s Hengstler and Dynapar businesses) (the “A&S Business”) and merger of Stevens Holding Company, Inc., the Fortive subsidiary holding its A&S Business, with a subsidiarymore...
  • August 28, 2018
    EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (NYSE: FTV) (“Fortive”) announced today that it has commenced an exchange offer related to the split-off of its Automation & Specialty platform (excluding Fortive’s Hengstler and Dynapar businesses) (the “A&S Business”). The split-off transaction is in connection with the previously announced combination of Fortive’s A&S Business with Altra Industrial Motion Corp. (NASDAQ: AIMC) (“Altramore...
  • August 2, 2018
    EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.07 per share of its common stock, par value $0.01 per share, payable on September 28, 2018 to common stockholders of record on August 31, 2018. In addition, Fortive announced today that its Board of Directors declared an initial quarterly cash dividend of $12.78 per share of its 5.00% Mandatory Convertiblemore...
  • July 31, 2018
    • Agreement to Acquire a Leading Provider of Facilities & Asset Management Software
    • Large Global Installed Base with Significant Recurring Revenue of ~70% in 2017
    • Further Advances Fortive’s Digital Strategy of Connected Devices & IOT, Software Enabled Workflow and Data Analytics
    • Strong Financial Profile Expected to be Accretive to Free Cash Flow and Earnings in 2019
    • Long Runway for Future M&A within the estimated $7 Billion Total Addressable Facilities & Asset Management Software Market
    EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) announced today that it has entered into a definitive agreement with Genstar Capital to acquire Accruent, a privately-held, leading provider of physical resource management software for approximately $2.0 billion in cash. The acquisition is subject to customary closing conditions, including regulatory approvals, and will be financed with available cash and proceeds from borrowings. Fortive alsomore...