Industrial Scientific welcomes new owner, Fortive Corporation
Industrial Scientific signed an agreement to become a Fortive Corporation operating company
Industrial Scientific, a global leader in gas detection and safety-as-a-service, is pleased to announce that it has signed a definitive purchase agreement to join the Fortive family of industrial technology companies as a member of its Field Solutions platform. The new ownership will provide Industrial Scientific with additional capacity to accelerate the company’s vision of eliminating death on the job by the year 2050.
Fortive (NYSE: FTV) is a public company that was a part of Danaher Corporation until July 2016 when it spun off to become its own company. With 2016 revenues of $6.2 billion, Fortive is a diversified industrial growth company with essential technology businesses that drive innovation in field instrumentation, transportation, sensing, product realization, automation, and franchise distribution.