Press Releases

  • 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...
  • July 26, 2018
    EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) today announced results for the second quarter 2018. For the second quarter ended June 29, 2018, net earnings were $295.0 million. For the same period, adjusted net earnings were $321.7 million. Diluted net earnings per share for the second quarter ended June 29, 2018 were $0.83. For the same period, adjusted diluted net earnings per share were $0.91. For the second quarter ofmore...
  • 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...