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