Fortive Corp (FTV.xnys)

Fortive Corp (FTV.xnys)

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Fortive Corp (FTV.xnys) Profile

Fortive Corporation (FTV) is a diversified industrial growth company headquartered in Everett, Washington. Fortive segment comprises professional instrumentation and industrial technologies; both consists of instrumentation, and solutions, sensing technologies businesses, transportation technologies, automation and speciality components and franchise distribution businesses. Fortive company handled over 20 businesses in the areas of field of instrumentation, sensing, automation, transportation, product realisation and franchise distribution as of 2016. In 2020 Fortune company named Fortive one of the world’s most admired companies, along with Apple, Amazon, and Microsoft. In July 2021, Fortive entered into a definitive agreement with Bayard Capital and Accel Partners to acquire ServiceChannel, which revenue is expected to be approximately USD125M. This acquisition will enhance Fortive’s revenue by 50 basis points; anticipated to reach 10 per cent ROIC target in 5 years. Fortive Corp. revenues from continuing operations increased 12.0 per cent year-over-year to USD 1.3B, which reflected core revenue growth of 9.1 per cent as of July 2021. Τhe Fortive Corp. stock is listed on NYSE, and the market capitalisation was USD 28.06B as of November 2021.

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