Industrial Scientific announced in late July it signed a definitive purchase agreement to join the Fortive family of industrial technology companies as a member of its Field Solutions platform.
Fortive 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 technology businesses in field instrumentation, transportation, sensing, product realization, automation, and franchise distribution. It is a robust M&A player, acquiring firms to build an Internet of Things connectivity platform for users.