Fortive
Fortive is a U.S.-based industrial technology company whose businesses provide connected workflow, measurement, sensing, automation, and healthcare solutions.
Last updated August 31, 2026
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Overview
Fortive Corporation is a diversified industrial technology company headquartered in Everett, Washington. It was created through a July 2016 separation from Danaher Corporation, which reorganized a group of professional instrumentation, industrial technology, transportation, automation, and healthcare businesses into an independent public company. Fortive began trading as a component of the S&P 500 and has remained listed on the New York Stock Exchange under the ticker FTV. The company’s portfolio has historically been organized around businesses that provide essential tools and software for customers’ operating workflows. Its products and services include electronic test and measurement equipment, industrial sensing and safety systems, facility and asset-management software, environmental and occupational-health software, medical sterilization technology, surgical workflow applications, and related professional services. Fortive has described its strategic activities through three broad segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. Major operating brands and businesses have included Fluke, Tektronix, Industrial Scientific, Accruent, Gordian, ServiceChannel, Landauer, Advanced Sterilization Products, Censis Technologies, and Provation. The portfolio serves healthcare providers, manufacturers, utilities, transportation operators, energy companies, laboratories, construction and facilities organizations, and other institutional customers. Many offerings combine physical equipment with recurring software, data, monitoring, or service revenue. Fortive’s operating model draws on the Danaher Business System and its successor, the Fortive Business System. The model emphasizes continuous improvement, lean operations, customer-focused problem solving, disciplined acquisition integration, and measurable operating performance. The company has also pursued a greater role for software and subscription-based services, while continuing to develop measurement, sensing, safety, and healthcare technologies. Fortive’s corporate history has included both acquisitions and portfolio separations. It sold or separated its automation businesses into Altra Industrial Motion in 2018, and in 2020 separated its transportation and franchise-distribution businesses into Vontier. In 2023 it acquired Elektro-Automatik, a German manufacturer of high-power electronic test and measurement equipment. The precision technologies portfolio was subsequently spun off as Ralliant Corporation in July 2025, according to the supplied reference material. Fortive’s structure therefore continues to evolve as management concentrates the company on workflow, software-enabled, instrumentation, and healthcare businesses.
History
Fortive emerged from Danaher’s 2016 decision to separate a substantial collection of professional instrumentation and industrial technology businesses into a new public company. The separation was completed in July 2016, creating Fortive Corporation as an independent enterprise headquartered in Everett, Washington. The new company inherited businesses spanning electronic test equipment, industrial sensing, transportation technologies, automation, workplace safety, and healthcare. Danaher’s founders, Steven and Mitchell Rales, retained board roles after the separation. During its first years, Fortive expanded through a combination of acquisitions and operational integration. Fluke acquired eMaint in 2016, adding computerized maintenance-management and industrial Internet-of-Things capabilities. Gilbarco Veeder-Root acquired Global Transportation Technologies in the same year, strengthening its traffic-management activities. In 2017, Fortive acquired Industrial Scientific, a gas-detection and worker-safety company, and Landauer, which provides radiation-monitoring and medical physics services. Gilbarco Veeder-Root also acquired Orpak Systems, a provider of fuel-management and fleet technologies. Fortive accelerated its software and workflow strategy in 2018. It announced the acquisitions of Accruent, a facilities and real-estate software provider, and Gordian, whose products support construction cost analysis, facility operations, and project management. Tektronix added Initial State, expanding its connected data and visualization capabilities. Fortive also rationalized its portfolio by separating several automation businesses, including Kollmorgen, Thomson, Portescap, and Jacobs Vehicle Systems, into Altra Industrial Motion. Healthcare became a larger part of the portfolio in 2019. Fortive completed the acquisition of Advanced Sterilization Products from Johnson & Johnson, adding medical-device sterilization systems and services. It also acquired Censis Technologies, a software provider for surgical inventory and instrument management. Within its safety and environmental portfolio, Industrial Scientific acquired or agreed to acquire businesses including Intelex and SAFER Systems, broadening Fortive’s environmental, health, safety, quality, and chemical-industry software capabilities. Fluke acquired Prüftechnik to strengthen precision alignment, condition monitoring, and reliability technologies. In 2020, Fortive’s companies continued to broaden their software capabilities, including Intelex’s acquisition of ehsAI. Fortive also partnered with Pioneer Square Labs to establish a mechanism for creating technology ventures; TeamSense was launched through that relationship. During the COVID-19 period, Advanced Sterilization Products adapted existing technology to help healthcare institutions address shortages of protective equipment, while Fortive companies continued developing connected workflow and remote-support products. A major strategic restructuring followed. Fortive announced plans in 2019 to separate its transportation and franchise-distribution activities. The new company was named Vontier in 2020, and the separation was completed through a distribution to Fortive shareholders rather than an initial public offering. Vontier included businesses such as Gilbarco Veeder-Root, Matco Tools, Teletrac Navman, and traffic-related operations. This left Fortive with a more concentrated portfolio of professional instrumentation, workflow software, safety, and healthcare technologies. Fortive continued investing in recurring-revenue software and healthcare workflow platforms. It acquired or exercised its option to acquire TeamSense in 2021, agreed to acquire ServiceChannel, and announced the purchase of Provation, a healthcare software provider. ServiceChannel complemented Accruent and Gordian by adding facilities-maintenance workflow and service-network capabilities. In 2023, Fortive acquired Elektro-Automatik, strengthening its electronic test and measurement presence with high-power programmable power supplies and related systems. The company’s operating philosophy is built around the Fortive Business System, derived from the Danaher Business System and influenced by lean production and continuous-improvement methods. The system is used to standardize problem solving, improve quality and productivity, support innovation, and guide acquisitions. Fortive has also promoted experimentation, software development, inclusion initiatives, and community volunteering. The supplied reference material states that its precision technologies activities were spun off as Ralliant Corporation in July 2025, marking another significant portfolio change.
- 2025
Precision technologies separated into Ralliant
[1]The precision technologies business is spun off into an independent public company, according to the supplied reference material.
- 2023
Elektro-Automatik acquisition
[1]Fortive acquires a German manufacturer of electronic test and measurement equipment.
- 2021
ServiceChannel acquisition announced
[1]Fortive expands its connected facilities-maintenance workflow platform.
- 2020
Vontier separation is completed
[1]Transportation and franchise-distribution operations are separated from Fortive and transferred to Vontier.
- 2019
Advanced Sterilization Products acquisition closes
[1]Fortive adds a major medical-device sterilization business acquired from Johnson & Johnson.
- 2018
Accruent and Gordian acquisitions announced
[1]The transactions materially expand Fortive’s facilities, real-estate, construction, and asset-lifecycle software activities.
- 2018
Automation businesses separated into Altra
[1]Several automation operations are transferred to Altra Industrial Motion.
- 2017
Industrial Scientific and Landauer join Fortive
[1]Fortive expands into gas detection, worker safety, radiation monitoring, and medical physics services.
- 2016
Fortive is spun off from Danaher
[1]Fortive becomes an independent public company and begins operating a portfolio of professional instrumentation, industrial, transportation, automation, and healthcare businesses.
- 2016
Fluke acquires eMaint
[1]The acquisition adds computerized maintenance-management and connected industrial workflow capabilities.
Products and positioning
A diversified industrial technology platform focused on essential measurement, sensing, connected workflow, software, safety, and healthcare solutions, supported by the Fortive Business System.
Electronic test and measurement
Fluke
Fluke develops handheld and bench instruments used to measure electrical, thermal, mechanical, and network conditions. Its portfolio includes digital multimeters, thermal imaging products, electrical testers, calibration equipment, reliability tools, and connected maintenance technologies. Fluke serves industrial technicians, electricians, engineers, utilities, and service organizations.
Electronic test and measurement
Tektronix
Tektronix provides oscilloscopes, signal analyzers, arbitrary waveform generators, power-analysis tools, and other laboratory and production-test equipment. Its products are used in electronics design, semiconductor development, communications, aerospace, defense, and education. The business also supports software-enabled data capture and analysis.
Gas detection and safety
Industrial Scientific
Industrial Scientific supplies portable and fixed gas-detection equipment, worker-safety systems, monitoring services, and related software. Its technologies help organizations detect hazardous atmospheres and manage safety data in industrial, energy, chemical, manufacturing, and transportation environments.
Facilities and asset-management software
Accruent
Accruent develops software for real estate, facilities, maintenance, asset, lease, and space management. Its platforms are designed to help organizations coordinate physical assets and properties, manage work orders, document compliance, and make operating decisions using centralized information.
Construction and facilities software
Gordian
Gordian provides construction cost data, estimating tools, project information, and facilities-management software. Its customers use the products to plan capital projects, benchmark costs, manage construction programs, and improve visibility into building and infrastructure work.
Healthcare sterilization
Advanced Sterilization Products
Advanced Sterilization Products develops systems, consumables, and services for sterilizing and processing medical devices. Its technologies are used by hospitals and healthcare facilities to support infection prevention and the safe reuse of compatible surgical instruments and equipment.
Radiation monitoring and medical physics
Landauer
Landauer provides subscription-based radiation monitoring and analytical services for occupational and environmental exposure. It also supplies outsourced medical physics services, supporting healthcare organizations and other institutions that need radiation-safety measurement and technical expertise.
Facilities-maintenance software · 2021
ServiceChannel
ServiceChannel operates a software platform for organizations with facilities distributed across multiple locations. The platform connects customers with service providers and supports work-order management, maintenance workflows, vendor coordination, performance visibility, and facilities-related spend control.
Electronic test and power equipment
Elektro-Automatik
Elektro-Automatik manufactures programmable DC power supplies, regenerative electronic loads, and related power-test systems. Its equipment is used in applications such as batteries, electric vehicles, renewable energy, aerospace, and industrial electronics testing.
Marketing campaigns
- 2020Fortive and Pioneer Square Labs venture partnership
United States
Fortive partnered with Pioneer Square Labs to create technology ventures and encourage experimentation beyond traditional acquisition-led growth.
Outcome. The partnership launched TeamSense, a workforce communication and workflow technology venture.
- 2020COVID-19 response innovation
Global
Fortive’s healthcare businesses adapted existing sterilization technology during the pandemic to help healthcare institutions address shortages of protective equipment.
Outcome. The initiative demonstrated the application of existing healthcare technologies to an urgent public-health need.
- Fortive community volunteering program
Global
Fortive provides associates with a paid day of leave each year for local community volunteering.
Outcome. The program supports employee participation in community service.
Brand decisions
2023
Acquire Elektro-AutomatikM&ABackground
Fortive sought to strengthen its electronic test and measurement portfolio.
Action taken
Fortive acquired German manufacturer Elektro-Automatik.
Aftermath
The acquisition added programmable power and electronic-load technologies for advanced testing applications.
Purchase price. Approximately $1.45 billion (2023)
2021
Acquire ServiceChannelM&ABackground
Fortive wanted to strengthen its facilities and asset-lifecycle workflow offering alongside Accruent and Gordian.
Action taken
Fortive agreed to acquire ServiceChannel and place it within the Intelligent Operating Solutions segment.
Aftermath
The deal expanded Fortive’s multi-site maintenance software and service-provider network capabilities.
Purchase price. Approximately $1.2 billion (2021 announcement)
2020
Separate transportation and franchise businesses into VontierM&ABackground
Fortive determined that its transportation and franchise-distribution activities should operate as a separate public company.
Action taken
Fortive distributed the businesses to shareholders, creating Vontier without first completing the contemplated initial public offering.
Aftermath
Fortive became more concentrated in professional instrumentation, connected workflow software, safety, and healthcare.
2019
Acquire Advanced Sterilization ProductsM&ABackground
Fortive aimed to expand its healthcare technology portfolio.
Action taken
Fortive agreed to acquire Johnson & Johnson’s Advanced Sterilization Products business.
Aftermath
The transaction closed in April 2019 and added medical-device sterilization technologies and services.
Transaction value. Approximately $2.8 billion (2018 announcement; completed April 2019)
2018
Acquire Accruent and GordianM&ABackground
Fortive sought to increase its exposure to recurring software revenue and connected facilities and construction workflows.
Action taken
Fortive announced the acquisition of Accruent for approximately $2 billion and Gordian for approximately $775 million.
Aftermath
The acquisitions expanded Fortive’s facilities, asset-management, construction, and real-estate software platform.
Announced transaction values. Accruent approximately $2 billion; Gordian approximately $775 million (2018)
2016
Establish Fortive as an independent industrial technology companyStrategyBackground
Danaher separated a group of professional instrumentation and industrial technology businesses into a new public company.
Action taken
Fortive was spun off and began operating as a standalone listed company.
Aftermath
The company developed an acquisition-led and operational-excellence model based on the Fortive Business System.
Recent events
Optro unveils 2026 Connector Award winners at CRX user conference[3]
Reported:
Optro, an AI-powered GRC Intelligence Platform, announced the winners of its 2026 Connector Awards program on Oct. 12, 2026 at its annual CRX user conference in San Diego. Customers Reddit, Fortive, GE Aerospace, Eaton, Verizon, and Humana were named winners across categories including Agentic Pioneer, Visionary, Excellence in Action, Bridge Builders, Cyber Resilience, and Agent of Change.
Fortive agrees to acquire Provation[4]
Reported:
Clearlake Capital announced that it had signed a definitive agreement to sell Provation to Fortive; the transaction was expected to close by the end of the year.
Fortive raises FY2021 earnings and revenue outlook[5]
Reported:
Fortive raised its earnings and revenue guidance for full-year 2021. It gave updated ranges for earnings from continuing operations and adjusted earnings from continuing operations.
Fortive announces acquisition of ServiceChannel[6]
Reported:
Fortive announced its acquisition of ServiceChannel for $1.2 billion; the acquisition was expected to close in the third quarter of 2021.
Fortive acquires TeamSense[7]
Reported:
Fortive acquired TeamSense on July 7, 2021. TeamSense, a text-based human resources tool for hourly manufacturing workers, became part of Fortive.
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