Mitchell Rales and Steven M. Rales, Danaher's founders, retained board seats with Fortive after the separation. NWS now consists of recently-joined distributors North American Corporation, WAXIE Sanitary Supply, SWPlus and Southeastern Paper Group. 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. Fortive to Acquire Landauer for $67.25 Per Share, or Approximately $770 Million. In September 2017, Fortive purchased Landuaer for $770 million. ISC contributes 65% recurring revenue and strengthens our menu of connected solutions for … © 2021 Industrial Media, LLC. 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. Intelex will be operated as a stand-alone company inside Industrial Scientific. How to Build a Vending Relationship with Customers That Works. Around the globe, workers enter confined spaces, face the risk of asphyxiation, poisoning, or explosion, and depend on our instruments to ensure their safety. In July, Fortive agreed to acquire Industrial Scientific Corporation, a leading provider of portable gas detection equipment and a safety-as-a-service pioneer. Dedicated to Ending Death on the Job by 2050, Hazardous gases pose many dangers. 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. 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, 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 … In July, Fortive agreed to acquire Industrial Scientific Corporation, a leading provider of portable gas detection equipment and a safety-as-a-service pioneer. Fortive was spun off from Danaher in July 2016. 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. That’s why every one of our products is designed and manufactured with just one fundamental question in mind: "Would you bet your life on it?". Industrial Scientific 7 years 10 months 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. 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. 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. Fortive completed the previously-announced acquisition of Industrial Scientific on August 25, 2017. Both company’s Board of Directors have already approved the acquisition. 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 … 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. I sold ActiveBlu to Fortive (FTV, formerly part of Danaher) as part of the acquisition of Industrial Scientific by Fortive. Industrial Scientific: Preserving human life is our life’s work. The acquisition of Landauer is anticipated to drive recurring revenues. At the point of its independent incorporation, Fortive immediately became a component of the S&P 500. on 21st September 2017. For the second quarter ended June 30, 2017, net earnings were $240.1 million. The acquisition is subject to customary closing conditions, including regulatory approvals. 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. Founded in 1985, Industrial Scientific is a leader in providing gas detection products, services, and solutions for worksites around the world. “Joining Industrial Scientific and the Fortive group of companies is a game-changer for Intelex as well as the industry. Fortive (FTV) completes the acquisition of Advanced Sterilization Products for approximately $2.7 billion in a bid to expand into the growing infection control market. 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. 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 will pay $2 billion in cash and expects Accruent to generate revenues of $270 million in 2018. On August 25, 2017, Fortive completed their acquisition of Industrial Scientific. 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, 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. 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. Fortive (FTV) Announces Acquisition of Accruent for Approx. 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. Encouraging the free exchange of ideas; knowing that when ideas are … Jul 31st, 2017. Missouri-based Tuthill has about 160 employees and annual revenue of $60 million. Now Private, US LBM Acquires Ridgefield Supply in Connecticut. As the world's largest distributor of technology logistics services and solutions, Ingram Micro had 2019 sales of more than $47 billion. Fortive completed the previously-announced acquisition of Industrial Scientific on August 25, 2017. Today, that philosophy has unleashed teamwork, commitment and creativity. The London-based distribution giant also said that it expects its full-year 2020 revenue to be up 8 percent year-over-year. 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. Bunzl Acquires Jansan & Packaging Distributor in Canada, PPE Distributor in Brazil. 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. Thursday, 06 June 2019. Janitorial & Packaging Distribution Group NW Synergy Acquires Southeastern Paper. Fortive completed the previously-announced acquisition of Industrial Scientific … Industrial Scientific: Preserving human life is our life’s work. Industrial Scientific is a global leader in connected sensing technology and a wholly-owned subsidiary of Fortive Corporation. The transaction is subject to customary conditions to closing and is expected to close before the end of 2017. 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. These investments, and the ongoing innovations of Industrial Scientific, are all in an effort to end work-related deaths by the year 2050. 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. Imperial Dade Expands In Texas, Acquires Great Southwest Paper. Fortive CEO James Lico says the $2 billion acquisition of Accruent, which manages over 7.3 billion assets through its 10,000 customers, will create a global Internet of Things leader. Prior to July 2, 2016, Fortive operated as part of Danaher Corporation. The addition will boost the offerings for Zurn, Rexnord's water management platform, to provide a complete washroom portfolio. Fortive Corp. 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. EVERETT — Fortive Corp. announced Thursday that it had signed an agreement to acquire Industrial Scientific Corp., a Pittsburgh company that makes gas detection equipment. Ingersoll Rand to Buy Tuthill Vacuum and Blower Systems in $184M Deal. ISC contributes 65% recurring revenue and strengthens our menu of connected solutions for critical maintenance and safety applications. Headquartered in Everett, Washington, Fortive Corporation (NYSE: FTV) is a diversified industrial technology growth company comprised of Professional Instrumentation and … "Joining Industrial Scientific and the Fortive group of companies is a game-changer for Intelex as well as the industry. This will come from its suite of software products used by Accruent’s 10,000 customers. Industrial Scientific to be Acquired by Fortive Corp. By Joyce Gannon. Our founders envisioned a company where all employees would be empowered to solve problems. Fortive is an American diversified industrial technology conglomerate company headquartered in Everett, Washington. 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. 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. Industrial Scientific Corporation, headquartered in Pittsburgh, Pennsylvania, designs and manufactures gas detection products that protect workers from hazardous conditions around the world. The Robinson firm will acquire Intelex, which makes software to manage workplace safety issues, from a private equity fund. The company has over 700 global employees committed to preserving human life and property. 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. 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. Currently, many of their data science and analytics team sit here. Midland Industries Acquires Texas' Champion Brass. Fortive, a publicly-held company with annual sales of $6.2 billion, makes industrial … ID's December Industrial Supply M&A Recap, The Home Depot Completes $8B HD Supply Acquisition, Brady Acquires Kerr Paper & Supply, Individual Foodservice, Ohio Transmission Corp. Boosts Central US Network, Acquires JCI Industries, PIP to be Acquired by Another Private Investment Firm. Over time Fortive would establish their second quarters in the Industrial Scientific building. Intelex announces Definitive Agreement to be Acquired by Industrial Scientific Canada NewsWire TORONTO, June 6, 2019 Acquisition Bridges the Last Mile to … 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. Intelex will be acquired from JMI Equity. Terms were not disclosed. Industrial Scientific Corporation, headquartered in Pittsburgh, Pennsylvania, designs and manufactures gas detection products that protect workers from hazardous conditions around the world. Platinum Equity to Buy Ingram Micro in $7.2B Deal. The transaction is expected to close in the third quarter of 2019. The sale creates one of the largest independent PVF distributors in the southwest US. “This acquisition allows us to close the loop on IoT-enabled sustainability, worker safety, and operational risk and performance.” The building materials distributor strengthens its presence in the New York metropolitan tristate area. “We look forward to welcoming the Industrial Scientific employees to the Fortive team. Fortive closed the acquisition of Industrial Scientific and Landauer during the quarter. These investments, and the ongoing innovations of Industrial Scientific, are all in an effort to end work-related deaths by the year 2050. 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. After the closing of the acquisition, Landauer will be absorbed by Fortive’s Field Solutions platform within its Professional Instrumentation segment. We at Industrial Scientific are focused on preserving human life on, above, and below the earth. 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. Industrial Scientific 7 years 10 months 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. Kansas City-based Midland adds a like distributor of brass fittings, valves, barbs and other products sold through distributors and OEMs. London's Electrocomponents Buys MRO Management Provider Synovos for $145M. 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 agreement on the change of ownership will enable Industrial Scientific to increase capacity and … Rexnord to Acquire Partition & Locker Supplier Hadrian. Odyssey Investment Partners is buying PIP from Audax Private Equity for an undisclosed amount. 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.. 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. Kirkland & Ellis advised Fortive Corporation (NYSE: FTV), a diversified industrial growth company, on Industrial Scientific’s acquisition of Intelex Technologies, a recognized leader in the environmental, health & safety, and quality (EHSQ) management space, for approximately $570 million. Dedicating our careers to ending death on the job by 2050. Fortive is a diversified industrial growth company comprised of Professional Instrumentation and Industrial Technologies businesses that are recognized leaders in attractive markets. Brady Acquires Tennessee JanSan Distributor Topmost. During the quarter, Fortive agreed to acquire Industrial Scientific Corporation, a leading provider of portable gas detection equipment and a safety-as … “This acquisition allows us to close the loop on IoT-enabled sustainability, worker safety, and operational risk and performance.” Read Intelex's press release 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. This propels our vision of enhancing environmental, worker health and safety, and quality programs through cyber-physical approaches,” said Mark Jaine, CEO of Intelex. Industrial Scientific has invested in several outside ventures to expand the potential of workplace safety and gas detection products. We Are an Equal Opportunity Employer. Fortive is a diversified industrial growth company comprised of professional instrumentation and industrial technologies businesses. $2B in Cash. It marks Brady's fifth acquisition of 2020. Tri Star Industrial Acquires Fellow PVF Distributor Columbia Specialty Co. ... 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. I sold ActiveBlu to Fortive (FTV, formerly part of Danaher) as part of the acquisition of Industrial Scientific by Fortive. The acquisition will be subject to customary closing conditions, including regulatory approvals, and will be financed with available cash. Synovos manages approximately $500 million of MRO procurement spend for clients in a wide range of industries. 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 … 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. 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. FORTIVE CORPORATION : News, information and stories for FORTIVE CORPORATION | Nyse: FTV | Nyse For foodservice packaging and janitorial supplies distributor Imperial Dade, it's the 29th acquisition under its current leadership. In July 2017 Fortive acquired Pittsburgh-based Industrial Scientific, in gas detection and safety-as-a-service. 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. 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. 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. With 2016 revenues of $6.2 billion, Fortive’s brands hold positions in field instrumentation, transportation, sensing, product realization, automation and specialty, and franchise distribution. The acquisition reflects Intelex’s growing strategy to shift from a system of recorded historical events to a connected workflow-based platform for real-time EHS risk management. Fortive is a relatively new company, but our experience with M&A is deep. 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. Industrial Scientific has invested in several outside ventures to expand the potential of workplace safety and gas detection products. 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 … Intelex will be operated as a stand-alone company inside Industrial Scientific. All rights reserved. Industrial Scientific Corporation to be Acquired by Fortive Corporation. 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 … Industrial Scientific’s line of gas monitoring products and services are used in virtually every industry to protect people from exposure to harmful gases. Distributor imperial Dade Expands in Texas, Acquires Great southwest Paper products used by Accruent ’ Field. In an effort to end work-related deaths by the year 2050 Packaging distributor in Canada PPE. 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