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. ISC contributes 65% recurring revenue and strengthens our menu of connected solutions for … The agreement on the change of ownership will enable Industrial Scientific to increase capacity and … Odyssey Investment Partners is buying PIP from Audax Private Equity for an undisclosed amount. Fortive completed the previously-announced acquisition of Industrial Scientific … 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. Industrial Scientific 7 years 10 months Janitorial & Packaging Distribution Group NW Synergy Acquires Southeastern Paper. Today, that philosophy has unleashed teamwork, commitment and creativity. As the world's largest distributor of technology logistics services and solutions, Ingram Micro had 2019 sales of more than $47 billion. Industrial Scientific Corporation, headquartered in Pittsburgh, Pennsylvania, designs and manufactures gas detection products that protect workers from hazardous conditions around the world. 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.. 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. London's Electrocomponents Buys MRO Management Provider Synovos for $145M. Tri Star Industrial Acquires Fellow PVF Distributor Columbia Specialty Co. 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. 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. Rexnord to Acquire Partition & Locker Supplier Hadrian. © 2021 Industrial Media, LLC. Fortive to Acquire Landauer for $67.25 Per Share, or Approximately $770 Million. Encouraging the free exchange of ideas; knowing that when ideas are … Brady Acquires Tennessee JanSan Distributor Topmost. These investments, and the ongoing innovations of Industrial Scientific, are all in an effort to end work-related deaths by the year 2050. FORTIVE CORPORATION : News, information and stories for FORTIVE CORPORATION | Nyse: FTV | Nyse Fortive will pay $2 billion in cash and expects Accruent to generate revenues of $270 million in 2018. 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 … 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. I sold ActiveBlu to Fortive (FTV, formerly part of Danaher) as part of the acquisition of Industrial Scientific by Fortive. 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. 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. On August 25, 2017, Fortive completed their acquisition of 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 worksites around the world. The London-based distribution giant also said that it expects its full-year 2020 revenue to be up 8 percent year-over-year. In July 2017 Fortive acquired Pittsburgh-based Industrial Scientific, in gas detection and safety-as-a-service. 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. 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. Intelex will be operated as a stand-alone company inside Industrial Scientific. How to Build a Vending Relationship with Customers That Works. 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 … The addition will boost the offerings for Zurn, Rexnord's water management platform, to provide a complete washroom portfolio. 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. “Joining Industrial Scientific and the Fortive group of companies is a game-changer for Intelex as well as the industry. Industrial Scientific: Preserving human life is our life’s work. Midland Industries Acquires Texas' Champion Brass. Founded in 1985, Industrial Scientific is a leader in providing gas detection products, services, and solutions for worksites around the world. 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. Both company’s Board of Directors have already approved the acquisition. 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. During the quarter, Fortive agreed to acquire Industrial Scientific Corporation, a leading provider of portable gas detection equipment and a safety-as … Industrial Scientific to be Acquired by Fortive Corp. By Joyce Gannon. 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. Jul 31st, 2017. 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 completed the previously-announced acquisition of Industrial Scientific on August 25, 2017. Intelex announces Definitive Agreement to be Acquired by Industrial Scientific Canada NewsWire TORONTO, June 6, 2019 Acquisition Bridges the Last Mile to … This propels our vision of enhancing environmental, worker health and safety, and quality programs through cyber-physical approaches,” said Mark Jaine, CEO of Intelex. The transaction is subject to customary conditions to closing and is expected to close before the end of 2017. For the second quarter ended June 30, 2017, net earnings were $240.1 million. 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. 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. Bunzl Acquires Jansan & Packaging Distributor in Canada, PPE Distributor in Brazil. 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 acquisition of Landauer is anticipated to drive recurring revenues. 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. Ingersoll Rand to Buy Tuthill Vacuum and Blower Systems in $184M Deal. This will come from its suite of software products used by Accruent’s 10,000 customers. ... 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. 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 … Fortive is a relatively new company, but our experience with M&A is deep. 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. 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. For foodservice packaging and janitorial supplies distributor Imperial Dade, it's the 29th acquisition under its current leadership. Mitchell Rales and Steven M. Rales, Danaher's founders, retained board seats with Fortive after the separation. Dedicated to Ending Death on the Job by 2050, Hazardous gases pose many dangers. Fortive is a diversified industrial growth company comprised of Professional Instrumentation and Industrial Technologies businesses that are recognized leaders in attractive markets. Synovos manages approximately $500 million of MRO procurement spend for clients in a wide range of industries. “This acquisition allows us to close the loop on IoT-enabled sustainability, worker safety, and operational risk and performance.” 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. In September 2017, Fortive purchased Landuaer for $770 million. Industrial Scientific Corporation, headquartered in Pittsburgh, Pennsylvania, designs and manufactures gas detection products that protect workers from hazardous conditions around the world. Fortive is an American diversified industrial technology conglomerate company headquartered in Everett, Washington. These investments, and the ongoing innovations of Industrial Scientific, are all in an effort to end work-related deaths by the year 2050. 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. We Are an Equal Opportunity Employer. Platinum Equity to Buy Ingram Micro in $7.2B Deal. Currently, many of their data science and analytics team sit here. 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. Our founders envisioned a company where all employees would be empowered to solve problems. Industrial Scientific Corporation to be Acquired by Fortive Corporation. The acquisition is subject to customary closing conditions, including regulatory approvals. 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. The acquisition will be subject to customary closing conditions, including regulatory approvals, and will be financed with available cash. Industrial Scientific 7 years 10 months We at Industrial Scientific are focused on preserving human life on, above, and below the earth. 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 … It marks Brady's fifth acquisition of 2020. The building materials distributor strengthens its presence in the New York metropolitan tristate area. Now Private, US LBM Acquires Ridgefield Supply in Connecticut. Prior to July 2, 2016, Fortive operated as part of Danaher Corporation. 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. Intelex will be operated as a stand-alone company inside Industrial Scientific. Headquartered in Everett, Washington, Fortive Corporation (NYSE: FTV) is a diversified industrial technology growth company comprised of Professional Instrumentation and … Industrial Scientific has invested in several outside ventures to expand the potential of workplace safety and gas detection products. At the point of its independent incorporation, Fortive immediately became a component of the S&P 500. 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. 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. Fortive was spun off from Danaher in July 2016. Imperial Dade Expands In Texas, Acquires Great Southwest Paper. 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. 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 is a diversified industrial growth company comprised of professional instrumentation and industrial technologies businesses. 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. After the closing of the acquisition, Landauer will be absorbed by Fortive’s Field Solutions platform within its Professional Instrumentation segment. 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, a publicly-held company with annual sales of $6.2 billion, makes industrial … NWS now consists of recently-joined distributors North American Corporation, WAXIE Sanitary Supply, SWPlus and Southeastern Paper Group. Dedicating our careers to ending death on the job by 2050. I sold ActiveBlu to Fortive (FTV, formerly part of Danaher) as part of the acquisition of Industrial Scientific by Fortive. Fortive (FTV) Announces Acquisition of Accruent for Approx. "Joining Industrial Scientific and the Fortive group of companies is a game-changer for Intelex as well as the industry. The transaction is expected to close in the third quarter of 2019. Industrial Scientific has invested in several outside ventures to expand the potential of workplace safety and gas detection products.