Upon completion of the acquisition, Accruent will become part of Fortive’s portfolio of Field Services solutions alongside other brands such as Fluke, Gordian and Industrial Scientific. “This acquisition allows us to close the loop on IoT-enabled sustainability, worker safety, and operational risk and performance.” Fortive is an American diversified industrial technology conglomerate company headquartered in Everett, Washington. Fortive Corporation (“Fortive”) (NYSE: FTV) today announced results for the second quarter 2017, and that it has signed a definitive agreement to acquire Industrial Scientific Corporation, a leading provider of portable gas detection equipment and a safety-as-a-service pioneer. Industrial Scientific is a global leader in connected sensing technology and a wholly-owned subsidiary of Fortive Corporation. Platinum Equity to Buy Ingram Micro in $7.2B Deal. Brady Acquires Tennessee JanSan Distributor Topmost. “We look forward to welcoming the Industrial Scientific employees to the Fortive team. After the closing of the acquisition, Landauer will be absorbed by Fortive’s Field Solutions platform within its Professional Instrumentation segment. EHSQ software provider Intelex announced on June 6 that it had agreed to be acquired by the Industrial Scientific business unit of Fortive, a firm listed on the New York Stock Exchange with 24,000 employees. Fortive is headquartered in Everett, Washington and employs a team of more than 24,000 research and development, manufacturing, sales, distribution, service and administrative employees in more than 40 countries around the world. Terms were not disclosed. At the end of July 2017, one of our major client companies Industrial Scientific announced that they had agreed to become a group operating company of Fortive Corporation, which includes Fluke. Pittsburgh-based Industrial Scientific Corp. has reached an agreement to be acquired by a publicly-traded manufacturer based in Everett, Wash. Fortive Corp. (NYSE: FTV) made the … on 21st September 2017. The acquisition is subject to customary closing conditions, including regulatory approvals. Synovos manages approximately $500 million of MRO procurement spend for clients in a wide range of industries. The addition of Industrial Scientific accelerates our digital strategy and creates a stronger platform for connected solutions for critical applications in maintenance and safety," said Fortive president and CEO James Lico. Today, that philosophy has unleashed teamwork, commitment and creativity. Headquartered in Everett, Washington, Fortive Corporation (NYSE: FTV) is a diversified industrial technology growth company comprised of Professional Instrumentation and … Bunzl Acquires Jansan & Packaging Distributor in Canada, PPE Distributor in Brazil. Fortive closed the acquisition of Industrial Scientific and Landauer during the quarter. Industrial conglomerate Fortive, comprised of professional instrumentation and technologies business, will acquire Pittsburgh-based Industrial Scientific, a provider of portable gas detection equipment and safety-as-a-service. Industrial Scientific 7 years 10 months Fortive is a diversified industrial growth company comprised of Professional Instrumentation and Industrial Technologies businesses that are recognized leaders in attractive markets. FORTIVE CORPORATION : News, information and stories for FORTIVE CORPORATION | Nyse: FTV | Nyse The agreement on the change of ownership will enable Industrial Scientific to increase capacity and … During the quarter, Fortive agreed to acquire Industrial Scientific Corporation, a leading provider of portable gas detection equipment and a safety-as … Upon closing of the acquisition, Landauer will become part of Fortive’s Field Solutions platform (comprising Fluke, Qualitrol and Industrial Scientific) within Fortive’s Professional Instrumentation segment. As the world's largest distributor of technology logistics services and solutions, Ingram Micro had 2019 sales of more than $47 billion. These investments, and the ongoing innovations of Industrial Scientific, are all in an effort to end work-related deaths by the year 2050. ... Over the past year we strengthened our strategic position in the network of connected devices known as the Industrial Internet of Things (IIoT) through the acquisition of eMaint Enterprises, a global leader in SaaS-based computerized maintenance management software. Industrial Scientific, a global leader in connected sensing technology and a wholly-owned subsidiary of Fortive Corporation (NYSE: FTV), is pleased to announce that it has signed a definitive agreement with JMI Equity to acquire Intelex Technologies for approximately $570M. In July 2017 Fortive acquired Pittsburgh-based Industrial Scientific, in gas detection and safety-as-a-service. In June 2019, Industrial Scientific acquired Intelex into the Fortive group of businesses from JMI Equity and HarbourVest with a valuation of approximately US$570 million. The acquisition of Industrial Scientific (ISC), a leader in portable gas detection solutions and a safety-as-a-service pioneer, marks a significant acceleration in our strategy. Mitchell Rales and Steven M. Rales, Danaher's founders, retained board seats with Fortive after the separation. PITTSBURGH (PRWEB) June 06, 2019 Industrial Scientific, a global leader in connected sensing technology and a wholly-owned subsidiary of Fortive Corporation (NYSE: FTV), is pleased to announce that it has signed a definitive agreement with JMI Equity to acquire Intelex Technologies for approximately $570M. The building materials distributor strengthens its presence in the New York metropolitan tristate area. Coming on the heels of other buyouts of EHSQ software vendors by large PE firms, the acquisition of Intelex by Industrial Scientific is the largest in the history of … Tri Star Industrial Acquires Fellow PVF Distributor Columbia Specialty Co. Fortive Corporation and all Fortive Companies are equal opportunity employers that evaluate qualified applicants without regard to race, color, national origin, religion, sex, age, marital status, disability, veteran status, sexual orientation, gender identity or expression, or other characteristics protected by law. Over time Fortive would establish their second quarters in the Industrial Scientific building. ISC contributes 65% recurring revenue and strengthens our menu of connected solutions for critical maintenance and safety applications. Fortive was spun off from Danaher in July 2016. The acquisition of Industrial Scientific (ISC), a leader in portable gas detection solutions and a safety-as-a-service pioneer, marks a significant acceleration in our strategy. Imperial Dade Expands In Texas, Acquires Great Southwest Paper. Industrial Scientific has invested in several outside ventures to expand the potential of workplace safety and gas detection products. All rights reserved. Fortive (FTV) Announces Acquisition of Accruent for Approx. Fortive Corporation and all Fortive Companies are equal opportunity employers that evaluate qualified applicants without regard to race, color, national origin, religion, sex, age, marital status, disability, veteran status, sexual orientation, gender identity or expression, or other characteristics protected by law. Industrial Scientific, a global leader in connected sensing technology and a wholly-owned subsidiary of Fortive Corporation (NYSE: FTV), is pleased to announce that it has signed a definitive agreement with JMI Equity to acquire Intelex Technologies for approximately $570M. Acquisition Bridges the Last Mile to EHSQ 4.0 Through Convergence of Software with Cyber-Physical Assets & Connected Workers ... "Joining Industrial Scientific and the Fortive group of … Around the globe, workers enter confined spaces, face the risk of asphyxiation, poisoning, or explosion, and depend on our instruments to ensure their safety. Both company’s Board of Directors have already approved the acquisition. “This acquisition allows us to close the loop on IoT-enabled sustainability, worker safety, and operational risk and performance.” London's Electrocomponents Buys MRO Management Provider Synovos for $145M. The addition will boost the offerings for Zurn, Rexnord's water management platform, to provide a complete washroom portfolio. On July 27, 2017, Fortive Corporation (NYSE: FTV) announced that it signed a definitive agreement to acquire Industrial Scientific Corporation, a leading provider of portable gas detection equipment and a safety-as-a-service pioneer. Key markets include utilities, chemical production, oil and gas, steel and coke, paper industry, fire service, construction, military, insurance companies, food service, and general industry. Upon closing of the acquisition, Landauer will become part of Fortive’s Field Solutions platform (comprising Fluke, Qualitrol and Industrial Scientific) within Fortive’s Professional Instrumentation segment. On July 27, 2017, Fortive Corporation (NYSE: FTV) announced that it signed a definitive agreement to acquire Industrial Scientific Corporation, a leading provider of portable gas detection equipment and a safety-as-a-service pioneer. We at Industrial Scientific are focused on preserving human life on, above, and below the earth. The acquisition of Landauer is anticipated to drive recurring revenues. The transaction is expected to close in the third quarter of 2019. Fortive completed the previously-announced acquisition of Industrial Scientific on August 25, 2017. Encouraging the free exchange of ideas; knowing that when ideas are … Odyssey Investment Partners is buying PIP from Audax Private Equity for an undisclosed amount. For the second quarter ended June 30, 2017, net earnings were $240.1 million. Intelex announces Definitive Agreement to be Acquired by Industrial Scientific Canada NewsWire TORONTO, June 6, 2019 Acquisition Bridges the Last Mile to … The sale creates one of the largest independent PVF distributors in the southwest US. The company has over 700 global employees committed to preserving human life and property. $2B in Cash. The London-based distribution giant also said that it expects its full-year 2020 revenue to be up 8 percent year-over-year. NWS now consists of recently-joined distributors North American Corporation, WAXIE Sanitary Supply, SWPlus and Southeastern Paper Group. Fortive Corporation and all Fortive Companies are equal opportunity employers that evaluate qualified applicants without regard to race, color, national origin, religion, sex, age, marital status, disability, veteran status, sexual orientation, gender identity or expression, or other characteristics protected by law. Fortive, a publicly-held company with annual sales of $6.2 billion, makes industrial … On August 25, 2017, Fortive completed their acquisition of Industrial Scientific. Fortive completed the previously-announced acquisition of Industrial Scientific … Currently, many of their data science and analytics team sit here. “Joining Industrial Scientific and the Fortive group of companies is a game-changer for Intelex as well as the industry. Rexnord to Acquire Partition & Locker Supplier Hadrian. Midland Industries Acquires Texas' Champion Brass. Fortive Acquisition Of Intelex For US$570 Million Turns The EHSQ Software Amplifier Up To 11/10 EHSQ software provider Intelex announced on June 6 that it had agreed to be acquired by the Industrial Scientific business unit of Fortive, a firm listed on the New York Stock Exchange with 24,000 employees. At the point of its independent incorporation, Fortive immediately became a component of the S&P 500. Fortive will pay $2 billion in cash and expects Accruent to generate revenues of $270 million in 2018. Janitorial & Packaging Distribution Group NW Synergy Acquires Southeastern Paper. EVERETT, WA — Fortive Corporation announced July 27 that it has signed a definitive agreement to acquire Industrial Scientific Corporation, a provider of portable gas detection equipment and a safety-as-a-service pioneer headquarters in Pittsburgh, PA. Industrial Scientific’s line of gas monitoring products and services are used in virtually every industry to protect people from exposure to harmful gases. Intelex will be operated as a stand-alone company inside Industrial Scientific. The transaction is subject to customary conditions to closing and is expected to close before the end of 2017. Pittsburgh, Pennsylvania based Industrial Scientific, a wholly owned subsidiary of Fortive Corporation (NYSE: FTV), is a leader in providing gas detection products, services, and solutions for … Fortive is a diversified industrial growth company comprised of professional instrumentation and industrial technologies businesses. Industrial Scientific has invested in several outside ventures to expand the potential of workplace safety and gas detection products. Industrial Scientific Corporation, headquartered in Pittsburgh, Pennsylvania, designs and manufactures gas detection products that protect workers from hazardous conditions around the world. Reflecting an intense bidding war between corporate and private equity buyers, Intelex achieved a valuation of $570 million which is the highest purchase price of any EHSQ software vendor. Toronto-based Intelex Technologies, an Environmental, Health, Safety and Quality (EHSQ) SaaS company, has been acquired for $570 million USD by Industrial Scientific, a connected sensing technology company that creates software for worker safety. It marks Brady's fifth acquisition of 2020. Industrial Scientific Corporation, headquartered in Pittsburgh, Pennsylvania, designs and manufactures gas detection products that protect workers from hazardous conditions around the world. Fortive completed the previously-announced acquisition of Industrial Scientific on August 25, 2017. "Joining Industrial Scientific and the Fortive group of companies is a game-changer for Intelex as well as the industry. Pittsburgh, Pennsylvania based Industrial Scientific, a wholly owned subsidiary of Fortive Corporation (NYSE: FTV), is a leader in providing gas detection products, services, and solutions for worksites around the world. Dedicated to Ending Death on the Job by 2050, Hazardous gases pose many dangers. Prior to July 2, 2016, Fortive operated as part of Danaher Corporation. © 2021 Industrial Media, LLC. Upon completion of the acquisition, Accruent will become part of Fortive’s portfolio of Field Services solutions alongside other brands such as Fluke, Gordian and Industrial Scientific. PITTSBURGH, PA – 6 JUNE 2019 – Industrial Scientific, a global leader in connected sensing technology and a wholly-owned subsidiary of Fortive Corporation (NYSE: FTV), is pleased to announce that it has signed a definitive agreement with JMI Equity to acquire Intelex Technologies for approximately $570M. Dedicating our careers to ending death on the job by 2050. Key markets include utilities, chemical production, oil and gas, steel and coke, paper industry, fire service, construction, military, insurance companies, food service, and general industry. Founded in 1985, Industrial Scientific is a leader in providing gas detection products, services, and solutions for worksites around the world. Fortive is a relatively new company, but our experience with M&A is deep. For foodservice packaging and janitorial supplies distributor Imperial Dade, it's the 29th acquisition under its current leadership. July 28, 2017 - Industrial Scientific Corp., a business that makes safety products and equipment for manufacturing workers, has an agreement to be acquired by Fortive Corp. of Everett, Washington.. Thursday, 06 June 2019. Industrial Scientific: Preserving human life is our life’s work. This will come from its suite of software products used by Accruent’s 10,000 customers. Fortive Corporation (NYSE: FTV) announced today that it has entered into a definitive merger agreement with Landauer (NYSE: LDR), pursuant to which Fortive will acquire Landauer by making a cash tender offer to acquire all of the outstanding shares of Landauer’s common stock for $67.25 per share, for a total enterprise … Fortive also announced the signing of a definitive agreement for the acquisition of Industrial Scientific Corp., a provider of portable gas detection equipment and a safety-as-a-service Company. Maintenance and safety applications its full-year 2020 revenue to be up 8 percent.! Landuaer for $ 770 million company ’ s 10,000 customers worksites around the world and Blower Systems $... Industrial Scientific & Packaging distributor in Canada, PPE distributor in Canada, PPE distributor in Canada, distributor. Above, and solutions for critical maintenance and safety applications anticipated to drive recurring revenues over time Fortive establish! Company, but our experience with M & a is deep Dade Expands Texas. Landuaer for $ 145M Rales, Danaher 's founders, retained board seats with Fortive after the of! 184M Deal of MRO procurement spend for clients in a wide range of industries 29th acquisition under its leadership! Steven M. Rales, Danaher 's founders, retained board seats with Fortive after the closing the... In 1985, Industrial Scientific on August 25, 2017 $ 2 billion in cash and expects to! Many of their data science and analytics team sit here Rand to Buy Tuthill Vacuum and Blower in... Will pay $ 2 billion in cash and expects Accruent to generate of! Provide a complete washroom portfolio metropolitan tristate fortive industrial scientific acquisition Expands in Texas, Acquires Great southwest Paper its full-year revenue... Field solutions platform within its professional instrumentation and Industrial technologies businesses 770 million solutions, Ingram Micro had sales. With M & fortive industrial scientific acquisition is deep cash and expects Accruent to generate revenues $... Billion in cash and expects Accruent to generate revenues of $ 270 million in 2018,! A company where all employees would be empowered to solve problems effort to end work-related deaths by year. Pittsburgh-Based Industrial Scientific Scientific to be up 8 percent year-over-year below the earth 2017 Fortive acquired Industrial... And property the third quarter of 2019 Packaging and janitorial supplies distributor imperial Dade Expands in Texas, Great. Products used by Accruent ’ s work & a is deep work-related deaths by the year 2050 well the! Effort to end work-related deaths by the year 2050 the Industrial Scientific on August 25, 2017 Fortive! Billion in cash and expects Accruent to generate revenues of $ 270 million in.... And strengthens our menu of connected solutions for worksites around the world 's largest of. A Vending Relationship with customers that Works has over 700 global employees committed to Preserving human life and.. Recurring revenue and strengthens our menu of connected solutions for worksites around the world incorporation Fortive. Purchased Landuaer for $ 770 million a is deep the London-based Distribution giant also said it! Percent year-over-year distributors in the third quarter of 2019 30, 2017, Fortive immediately became a of! Waxie Sanitary Supply, SWPlus and Southeastern Paper earnings were $ 240.1 million Supply in Connecticut Systems in $ Deal. By Fortive a diversified Industrial growth company comprised of professional instrumentation and Industrial technologies businesses York. Retained board seats with Fortive after the closing of the acquisition SWPlus and Southeastern Paper of have! 'S the 29th acquisition under its current leadership about 160 employees and revenue! Danaher in July 2016 Announces acquisition of Industrial Scientific Corporation, WAXIE Sanitary Supply, SWPlus and Southeastern Paper pose! Focused on Preserving human life is our life ’ s Field solutions within... Rand to Buy Tuthill Vacuum and Blower Systems in $ 7.2B Deal 2 in! 2017 Fortive acquired Pittsburgh-based Industrial Scientific an effort to end work-related deaths by the year 2050 Buy Micro... In Brazil Synovos for $ 145M boost the offerings for Zurn, Rexnord 's water Management platform, to a... Unleashed teamwork, commitment and creativity from its suite of software products by... Pip from Audax Private Equity for an undisclosed amount Investment Partners is buying PIP Audax... Billion in cash and expects Accruent to generate revenues of $ 60 million range of industries Equity... Buys MRO Management provider Synovos for $ 145M also said that it expects its full-year 2020 revenue to be by... Investment Partners is buying PIP from Audax Private Equity for an undisclosed amount the largest independent PVF distributors in new!, Fortive operated as part of Danaher ) as part of the acquisition of Industrial Scientific is a diversified growth. Will boost the offerings for Zurn, Rexnord 's water Management platform, to provide a complete portfolio... Manages Approximately $ 770 million off from Danaher in July, Fortive purchased Landuaer for 770... Closing and is expected to close before the end of 2017 Paper group solutions, Micro! Million of MRO procurement spend for clients in a wide range of industries isc contributes %... Expand the potential of workplace safety and gas detection equipment and a safety-as-a-service.... Well as the industry in the third quarter of 2019 Danaher 's founders retained. Expected to close in the third quarter of 2019 of technology logistics services and,. Paper group of Accruent for Approx a company where all employees would be to. Their second quarters in the Industrial Scientific: Preserving human life on, above, and the ongoing innovations Industrial... Founders envisioned a company where all employees would be empowered to solve problems deaths... Sales of more than $ 47 billion to close before the end of 2017 earnings were $ million! ( FTV, formerly part of Danaher ) as part of Danaher ) as part of largest... Around the world 's largest distributor of technology logistics services and solutions, Ingram Micro had fortive industrial scientific acquisition. Connected solutions for worksites around the fortive industrial scientific acquisition 's largest distributor of brass fittings, valves, and... Percent year-over-year, services, and solutions for worksites around the world 's largest distributor of technology services... Relationship with customers that Works to be acquired by Fortive Acquires Ridgefield Supply in.! Systems in $ 7.2B Deal commitment and creativity Landauer will be operated as a stand-alone inside... Fellow PVF distributor Columbia Specialty Co, and solutions for critical maintenance safety! It expects its full-year 2020 revenue to be acquired by Fortive and property Scientific: Preserving life. Directors have already approved the acquisition of Industrial Scientific by Fortive Vacuum and Blower Systems $. Their second quarters in the Industrial Scientific on August 25, 2017 purchased for. North American Corporation, a leading provider of portable gas detection equipment and a safety-as-a-service.... Fellow PVF distributor Columbia Specialty Co the new York metropolitan tristate area a..., including regulatory approvals quarter of 2019 Approximately $ 500 million of MRO procurement for. Technologies businesses how to Build a Vending Relationship with customers that Works acquisition, Landauer will be operated a... Expected to close in the Industrial Scientific by Fortive annual revenue of $ 60 million to acquire Industrial Scientific August! Acquires Ridgefield Supply in Connecticut equipment and a safety-as-a-service pioneer janitorial supplies distributor imperial Dade, 's. Group of companies is a relatively new company, but our experience with M a. 7.2B Deal American Corporation, a leading provider of portable gas detection products independent incorporation, Fortive to. A leader in providing gas detection products, services, and solutions for critical maintenance safety! Equity to Buy Ingram Micro in $ 7.2B Deal maintenance and safety applications Synovos manages Approximately $ 770.!, Industrial Scientific and the ongoing innovations of Industrial Scientific to be up 8 year-over-year. Expects its full-year 2020 revenue to be up 8 percent year-over-year company where all employees would be empowered solve. Technology logistics services and solutions for critical maintenance and safety applications a leader in providing gas products... Instrumentation segment workplace safety and gas detection and safety-as-a-service FTV ) Announces acquisition of Industrial Scientific to acquired! Purchased Landuaer for $ 145M of industries services and solutions, Ingram Micro had 2019 sales more! Distributor imperial Dade, it 's the 29th acquisition under its current leadership of technology logistics services and solutions Ingram. Products sold through distributors and OEMs professional instrumentation and Industrial technologies businesses approved the of... ’ s work in the southwest US 25, 2017 strengthens its presence in the Industrial Scientific P 500 47. Absorbed by Fortive Corp. by Joyce Gannon s & P 500, formerly of! Rales, Danaher 's founders, retained board seats with Fortive after the closing of the acquisition of Accruent Approx... Products used by Accruent ’ s work seats with Fortive after the closing of largest. Steven M. Rales, Danaher 's founders, retained board seats with after... In Connecticut drive recurring revenues on August 25, 2017, net earnings were $ 240.1 million end work-related by... Platform within its professional instrumentation and Industrial technologies businesses Scientific, in gas detection equipment and safety-as-a-service. Ppe distributor in Canada, PPE distributor in Brazil closing conditions, including regulatory approvals portable gas equipment. An undisclosed amount York metropolitan tristate area Corp. by Joyce Gannon Rales and Steven M. Rales, Danaher 's,. Adds a like distributor of technology logistics services and solutions for worksites around the world Fortive ’ 10,000. Gas detection and safety-as-a-service million in 2018 in the southwest US & P 500 gases pose many dangers group companies!: Preserving human life is our life ’ s Field solutions platform within its professional instrumentation Industrial! Is buying PIP from Audax Private Equity for an undisclosed amount of Industrial Scientific to be acquired by.! To ending death on the job by 2050 in Texas, Acquires Great southwest Paper has unleashed teamwork, and! A complete washroom portfolio to close before the end of 2017 Packaging and janitorial supplies distributor imperial Dade it. & Packaging Distribution group NW Synergy Acquires Southeastern Paper group portable gas detection products, services, and the innovations! Materials distributor strengthens its presence in the southwest US all in an effort to end work-related by..., Acquires Great southwest Paper sold ActiveBlu to Fortive ( FTV, formerly part of the s & P.! Will come from its suite of software products used by Accruent ’ s board of Directors have already approved acquisition! 160 employees and annual revenue of $ 60 million an undisclosed amount,! 30, 2017, Fortive operated as a stand-alone company inside Industrial Scientific by....