Fortive Corporation is a publicly traded industrial technology company based in Everett, Washington, United States. The company was founded in 2016 as a spinoff of Danaher Corporation and went public on the New York Stock Exchange on July 2, 2016.
Fortive is primarily focused on creating innovative solutions in the fields of field instrumentation, transportation, sensing, and automation. The company operates through two main segments, which are the Professional Instrumentation and Industrial Technologies segments. The Professional Instrumentation segment designs and manufactures electronic measurement instruments and sensors, whereas the Industrial Technologies segment offers solutions for product identification, tracking, and monitoring.
Fortive has a global presence, with operations in more than 50 countries worldwide. The company serves a wide range of industries, including healthcare, manufacturing, retail, transportation, and more. Some of the company's most well-known brands include Fluke, Tektronix, Gilbarco Veeder-Root, and Matco Tools.
Since going public, Fortive has seen steady growth in revenue and earnings. In 2020, the company reported revenues of $6.3 billion, an increase of 6.6% over the previous year. The company has also been actively acquiring new businesses to expand its capabilities and reach, with notable acquisitions including Gordian, a provider of construction cost data, and Accruent, a provider of software solutions for real estate and facilities management.
Fortive has a strong focus on innovation and invests heavily in research and development to create new products and solutions. The company has also made sustainability a priority and has implemented various initiatives to reduce its environmental impact, such as reducing energy consumption and emissions in its manufacturing facilities.