Fortive Corporation Overview
Company Headquarters: US
Founded: 2015
Workforce: ~26,000
Company Working: Fortive Corporation designs, develops, manufactures, and distributes of professional and engineered products, software, and services. It operates through the professional instrumentation and industrial technologies segments. The professional instrumentation segment offers software and services used to measure and monitor a range of physical parameters in industrial applications. The industrial technologies segment comprises critical technical equipment, components, software, and services for manufacturing and transportation markets. It also provides fueling, environmental, field payment, vehicle tracking, and fleet management solutions that are used in retail, commercial, and private fleet applications.
In 2015, Fortive Corporation acquired Fluke Corporation, a provider of compact, professional test and measurement (T&M) tools. The company products are known for their portability, ruggedness, accuracy, and safety along with rigid quality standards.
Strategy
Fortive Corporation follows both organic and inorganic growth strategies. The company invests a major part of its share in research and development to diversify its product portfolio and expand its customer base. Although the company is relatively new, it possesses a strong strategic background. The company has entered into various merger & acquisition agreements with companies offering Industrial Internet of Things (IIoT) solutions to strengthen its technology portfolio and penetrate into new markets.
