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