Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.
Three patterns show up across Fortive's deal book — what the team buys, how it pays, and how it integrates. The patterns are the throughline; the deals below are the evidence.
8 acquisitions. Each entry carries the deal value, financing structure, target revenue, executive commentary, and the original SEC filing — the evidence behind the patterns above.
Landauer is a leading global provider of subscription-based technical and analytical services to determine occupational and environmental radiation exposure, as well as a provider of outsourced medical physics services. Acquired via merger of Fern Merger Sub Inc. into Landauer (NYSE: LDR). approximately $770 million net of acquired cash ($67.25 per share).
FORTIVE TO ACQUIRE LANDAUER FOR $67.25 PER SHARE, OR APPROXIMATELY $770 MILLIONFortive press release — September 6, 2017
Gordian is a privately-held, leading provider of construction cost data, software and service. Gordian's comprehensive offerings serve the entire building lifecycle, providing workflow and data solutions for construction and facilities professionals. Acquired through TGG Ultimate Holdings, Inc. $778 million net of cash acquired.
On July 27, 2018, we acquired TGG Ultimate Holdings, Inc. and its subsidiaries, including The Gordian Group, Inc. ('Gordian'), a privately-held, leading provider of construction cost data, software and service, for a total purchase price of $778 million net of cash acquired.Fortive FY19 10-K — Acquisitions note
Accruent is a recognized leader in the facilities asset management software industry, combining deep domain and industry capabilities with an integrated, cloud-based framework that provides insights spanning the full lifecycle of real estate, facilities and assets. Acquired through purchase of all outstanding shares of Athena SuperHoldCo, Inc. from Genstar Capital. approximately $2.0 billion net of acquired cash.
On September 6, 2018, we acquired Athena SuperHoldCo, Inc., including Accruent, LLC ('Accruent'), a privately-held, leading provider of facilities asset management software, for a total purchase price of approximately $2.0 billion net of acquired cash.Fortive FY19 10-K — Acquisitions note
Advanced Sterilization Products is a global leader in low-temperature terminal sterilization and high-level disinfection used by hospitals to sterilize medical instruments. Acquired from Ethicon, Inc., a subsidiary of Johnson & Johnson, under a Stock and Asset Purchase Agreement covering Principal and Non-Principal Countries. aggregate purchase price of $2.7 billion.
FORTIVE COMPLETES ACQUISITION OF ADVANCED STERILIZATION PRODUCTS BUSINESS FROM JOHNSON & JOHNSONFortive press release — April 1, 2019
On April 1, 2019 (the 'Principal Closing Date'), we acquired the Advanced Sterilization Products business ('ASP') of Johnson & Johnson for an aggregate purchase price of $2.7 billion.Fortive FY19 10-K — Acquisitions note
During 2019 Fortive acquired four businesses including Intelex Technologies (EHS and quality management software), Pruftechnik (condition monitoring and alignment instruments), and Censis Technologies (surgical instrument tracking software), for total consideration of $1.2 billion in cash net of acquired cash. Intelex and Pruftechnik complement the Professional Instrumentation / Intelligent Operating Solutions segment; Censis sits within Advanced Healthcare Solutions. total consideration of $1.2 billion in cash, net of cash acquired (four businesses combined).
In addition to the acquisition of ASP, during 2019, we acquired four businesses including Intelex Technologies, Pruftechnik, and Censis Technologies for total consideration of $1.2 billion in cash, net of cash acquired.Fortive FY19 10-K — Acquisitions note
ServiceChannel is a privately held, global provider of SaaS-based multi-site facilities maintenance service solutions with an integrated service-provider network. The acquisition broadens Fortive's offering of software-enabled solutions for the facility and asset lifecycle workflow. ServiceChannel had revenue in 2020 of approximately $70 million. approximately $1.2 billion in cash (includes ~$28M deferred compensation).
FORTIVE TO ACQUIRE SERVICECHANNEL FOR APPROXIMATELY $1.2 BILLIONFortive press release — July 12, 2021
On August 24, 2021, we acquired ServiceChannel Holdings, Inc., a privately held, global provider of SaaS based multi-site facilities maintenance service solutions with an integrated service-provider network.Fortive FY22 10-K — Acquisitions note
Provation is a leading provider of clinical workflow software solutions used in hospitals and ambulatory surgery centers. The acquisition extends Fortive's digital offering and software capabilities in the healthcare space. Provation had revenue in 2020 of approximately $90 million. approximately $1.4 billion.
On December 27, 2021, we acquired Provation Software, Inc. ('Provation'), a leading provider of clinical workflow software solutions used in hospitals and ambulatory surgery centers. The acquisition of Provation extends our digital offering and software capabilities in the healthcare space. The total consideration paid was approximately $1.4 billion.Fortive FY22 10-K — Acquisitions note
EA Elektro-Automatik is a leading supplier of high-power electronic test solutions for energy storage, mobility, hydrogen, and renewable energy applications. The acquisition bolsters the Precision Technologies segment's portfolio of products and services for engineers with complementary test and measurement solutions enabling the global energy transition. purchase price of $1.72 billion (net of acquired cash).
On January 3, 2024, we acquired EA Elektro-Automatik Holding GmbH ('EA'), a leading supplier of high-power electronic test solutions for energy storage, mobility, hydrogen, and renewable energy applications.Fortive FY24 10-K — Acquisitions note