2016
In September 2016, Fortive subsidiary Fluke, which specializes in electronic test equipment, acquired eMaint, a CMMS IIoT system.[10] In October 2016, another subsidiary Gilbarco Veeder-Root which specializes in industrial sales software, purchased Global Transportation Technologies (GTT), a provider in traffic management.[11][12]
2017
In July 2017, Fortive acquired Pittsburgh-based Industrial Scientific,[13] which manufactures gas detection products.[14] Fortive established their second quarters in the Industrial Scientific building housing many of their data science and analytics teams.
In September 2017, Fortive purchased Landauer for $770 million.[15] Landauer is a provider of subscription-based technical and analytical services to determine occupational and environmental radiation exposure, as well as a domestic provider of outsourced medical physics services. They are headquartered in Glenwood, Illinois.
Fortive subsidiary Gilbarco Veeder Root acquired Orpak Systems, which delivers technologies to oil companies and commercial fleets.[16]
2018
In July 2018, Fortive announced it was buying software firm Accruent for about $2 billion.[17] Accruent makes software to track real estate and facilities.[18] Also in July 2018, Fortive announced it would buy construction software company Gordian for $775 million from private equity firm Warburg Pincus. Gordian, based in Greenville, South Carolina, makes software that tracks costs of construction projects, manages facility operations and generally gives building companies more insight into big projects.[19] In December 2018 Tektronix acquired Initial State.
2019
In June 2018, Fortive made a binding offer to buy Johnson & Johnson's Advanced Sterilization Products (ASP) business.[20] The deal was valued at $2.8 billion, made up of $2.7 billion in cash from Fortive and $0.1 billion of retained net receivables, and closed in April 2019.[21] Furthering their investment in healthcare, in November 2019 Fortive acquired Censis Technologies, a SaaS-based provider of inventory management in the surgical field, headquartered in Franklin, Tenn., from Riverside, a global private equity firm headquartered in Cleveland Ohio. Terms of the deal were not disclosed.[22]
In July 2019, Fluke acquired Germany based Pruftechnik, in precision laser shaft alignment, condition monitoring, and non-destructive testing,[23] to further their reliability business unit.[24]
2020
In November, Intelex Technologies, a subsidiary of Industrial Scientific, announced that it has acquired ehsAI, a compliance automation technology provider.[29]
2021
In July Fortive exercised their option on TeamSense, finalizing the acquisition from PSL.[30] Later that month, Fortive entered into a definitive agreement with Bayard Capital and Accel Partners to acquire ServiceChannel, a leading global provider of SaaS-based multi-site facilities maintenance service solutions with an integrated service-provider network. Fortive anticipates that the acquisition will close in the third quarter of 2021. ServiceChannel FY 2021 revenue expected to be approximately $125 million (recurring revenue of approximately $117 million); expected long-term revenue growth rate of mid-teens. This acquisition expected to enhance Fortive's revenue growth profile by approximately 50 basis points; anticipated to reach 10% ROIC target in 5 years. The purchase price for the acquisition is approximately $1.2 billion and is expected to be funded primarily with available cash. Upon closing, ServiceChannel is expected to be an independent operating company within Fortive's Intelligent Operating Solutions segment. ServiceChannel expands Fortive's leading offering of Facility and Asset Lifecycle workflow solutions, alongside Accruent and Gordian.[31] It was announced in December Fortive entered into an agreement to buy healthcare software maker Provation from private equity firm Clearlake Capital Group. [32]
2023
In October 2023, Fortive acquired German manufacturer Elektro-Automatik for $1.45 billion to strengthen Fortive's position in the electronic test and measurement market.[33][34]
