Fortive

Fortive Corporation
Company typePublic
IndustryConglomerate
Founded2016; 8 years ago (2016)
HeadquartersEverett, Washington, U.S.
Area served
Worldwide
Key people
RevenueIncrease US$6.07 billion (2023)
Increase US$1.13 billion (2023)
Increase US$866 million (2023)
Total assetsIncrease US$16.9 billion (2023)
Total equityIncrease US$10.3 billion (2023)
Number of employees
c. 18,000 (2023)
Subsidiaries
Websitefortive.com

Fortive Corporation is an American industrial technology conglomerate company headquartered in Everett, Washington. The company specializes in providing essential technologies for connected workflow solutions; designing, developing, manufacturing and distributing professional and engineered products, software and services.[1] Their products and services are split into three strategic segments; Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions.[2] As of December 2022, Fortive has over 18,000 employees in 60 countries worldwide.[3]

Fortive was spun off from Danaher in July 2016.[4] Brothers Steven and Mitchell Rales, Danaher's founders, retained board seats with Fortive after the separation.[5] At the point of its independent incorporation, Fortive immediately became a component of the S&P 500. Later the transportation, automation and franchise distribution businesses would be spun off. In 2018 and 2019, Fortune named Fortive as a Future 50 company.[6] In 2020, Fortune named Fortive one of the world's most admired companies.[7][8]

  1. ^ Fortive Corporation (October 31, 2023). "Fortive to Present at the Baird Global Industrial Conference". Business Wire (English).
  2. ^ Fortive Corporation (May 12, 2023). "Fortive to Webcast Investor Day". Business Wire (English).
  3. ^ MarketLine Company Profile: Fortive Corp (Report). MarketLine, a Progressive Digital Media business. May 10, 2023. pp. 1–29.
  4. ^ "Danaher Completes Fortive Spin-Off, Trading to Begin Today". Retrieved November 10, 2017.
  5. ^ "Fortive Corporation - Governance - Board of Directors". investors.fortive.com. Retrieved June 28, 2020.
  6. ^ "Future 50". Fortune. Retrieved June 28, 2020.
  7. ^ "Fortive". Fortune. Retrieved June 28, 2020.
  8. ^ "World's Most Admired Companies". Fortune. Retrieved May 19, 2022.