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