Fortive Corporation acquired Intelex Technologies, Pruftechnik, and Censis Technologies (2019 acquisitions) for total consideration of $1.2 billion in cash, net of cash acquired (four businesses combined), a transaction completed in January 2019, structured as all cash.
Intelex Technologies, Pruftechnik, and Censis Technologies (2019 acquisitions) operates in Intelligent Operating Solutions / Advanced Healthcare Solutions, is based in Toronto, Canada (Intelex); Germany (Pruftechnik); Franklin, Tennessee (Censis). 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.
Tuck-ins that extend Fortive's software and instrumentation franchises across EHS, condition monitoring, and healthcare workflow.
Recurring-revenue software and specialized instrumentation in growth verticals. Intelligent Operating Solutions and Advanced Healthcare Solutions
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
Advisory firms were not disclosed for this transaction.