Fortive Corporation acquired Advanced Sterilization Products (ASP) business of Johnson & Johnson for aggregate purchase price of $2.7 billion, a transaction completed in April 2019, structured as all cash. The deal was a Carve-out.
Advanced Sterilization Products (ASP) business of Johnson & Johnson operates in Advanced Healthcare Solutions, is based in Irvine, California (global operations). 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.
Adds a recurring-consumable healthcare sterilization platform anchoring Fortive's healthcare segment.
Large installed base with recurring consumable revenue in infection prevention. Advanced Healthcare Solutions
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
Advisory firms were not disclosed for this transaction.