Synovos manages approximately $500 million of MRO procurement spend for clients in a wide range of industries. Odyssey Investment Partners is buying PIP from Audax Private Equity for an undisclosed amount. Thursday, 06 June 2019. Industrial Scientific has invested in several outside ventures to expand the potential of workplace safety and gas detection products. The acquisition will be subject to customary closing conditions, including regulatory approvals, and will be financed with available cash. 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. Fortive is a relatively new company, but our experience with M&A is deep. 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 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. Fortive is an American diversified industrial technology conglomerate company headquartered in Everett, Washington. 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. 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. The Robinson firm will acquire Intelex, which makes software to manage workplace safety issues, from a private equity fund. 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. 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 … ... 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. Industrial Scientific is a global leader in connected sensing technology and a wholly-owned subsidiary of Fortive Corporation. The addition will boost the offerings for Zurn, Rexnord's water management platform, to provide a complete washroom portfolio. Fortive is a diversified industrial growth company comprised of Professional Instrumentation and Industrial Technologies businesses that are recognized leaders in attractive markets. 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. Today, that philosophy has unleashed teamwork, commitment and creativity. 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 … The acquisition is subject to customary closing conditions, including regulatory approvals. Industrial Scientific Corporation, headquartered in Pittsburgh, Pennsylvania, designs and manufactures gas detection products that protect workers from hazardous conditions around the world. Fortive (FTV) Announces Acquisition of Accruent for Approx. It marks Brady's fifth acquisition of 2020. 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 London-based distribution giant also said that it expects its full-year 2020 revenue to be up 8 percent year-over-year. 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 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. 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. 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. “Joining Industrial Scientific and the Fortive group of companies is a game-changer for Intelex as well as the industry. Fortive to Acquire Landauer for $67.25 Per Share, or Approximately $770 Million. During the quarter, Fortive agreed to acquire Industrial Scientific Corporation, a leading provider of portable gas detection equipment and a safety-as … 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?". In June 2019, Industrial Scientific acquired Intelex into the Fortive group of businesses from JMI Equity and HarbourVest with a valuation of approximately US$570 million. For the second quarter ended June 30, 2017, net earnings were $240.1 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.. This will come from its suite of software products used by Accruent’s 10,000 customers. Industrial Scientific: Preserving human life is our life’s work. As the world's largest distributor of technology logistics services and solutions, Ingram Micro had 2019 sales of more than $47 billion. 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 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. These investments, and the ongoing innovations of Industrial Scientific, are all in an effort to end work-related deaths by the year 2050. Mitchell Rales and Steven M. Rales, Danaher's founders, retained board seats with Fortive after the separation. 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 Industrial Scientific 7 years 10 months Fortive, a publicly-held company with annual sales of $6.2 billion, makes industrial … How to Build a Vending Relationship with Customers That Works. FORTIVE CORPORATION : News, information and stories for FORTIVE CORPORATION | Nyse: FTV | Nyse Brady Acquires Tennessee JanSan Distributor Topmost. Encouraging the free exchange of ideas; knowing that when ideas are … We Are an Equal Opportunity Employer. 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. Janitorial & Packaging Distribution Group NW Synergy Acquires Southeastern Paper. Currently, many of their data science and analytics team sit here. I sold ActiveBlu to Fortive (FTV, formerly part of Danaher) as part of the acquisition of Industrial Scientific by Fortive. Intelex will be operated as a stand-alone company inside Industrial Scientific. 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. 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. 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. $2B in Cash. Terms were not disclosed. “This acquisition allows us to close the loop on IoT-enabled sustainability, worker safety, and operational risk and performance.” 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. Headquartered in Everett, Washington, Fortive Corporation (NYSE: FTV) is a diversified industrial technology growth company comprised of Professional Instrumentation and … Bunzl Acquires Jansan & Packaging Distributor in Canada, PPE Distributor in Brazil. 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. 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. The transaction is expected to close in the third quarter of 2019. For foodservice packaging and janitorial supplies distributor Imperial Dade, it's the 29th acquisition under its current leadership. Fortive closed the acquisition of Industrial Scientific and Landauer during the quarter. In September 2017, Fortive purchased Landuaer for $770 million. 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. 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. Tri Star Industrial Acquires Fellow PVF Distributor Columbia Specialty Co. “This acquisition allows us to close the loop on IoT-enabled sustainability, worker safety, and operational risk and performance.” Around the globe, workers enter confined spaces, face the risk of asphyxiation, poisoning, or explosion, and depend on our instruments to ensure their safety. Industrial Scientific Corporation, headquartered in Pittsburgh, Pennsylvania, designs and manufactures gas detection products that protect workers from hazardous conditions around the world. 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 was spun off from Danaher in July 2016. The acquisition of Landauer is anticipated to drive recurring revenues. In July, Fortive agreed to acquire Industrial Scientific Corporation, a leading provider of portable gas detection equipment and a safety-as-a-service pioneer. Missouri-based Tuthill has about 160 employees and annual revenue of $60 million. 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. 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. Industrial Scientific to be Acquired by Fortive Corp. By Joyce Gannon. On August 25, 2017, Fortive completed their acquisition of Industrial Scientific. on 21st September 2017. 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. Platinum Equity to Buy Ingram Micro in $7.2B Deal. 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. 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. This propels our vision of enhancing environmental, worker health and safety, and quality programs through cyber-physical approaches,” said Mark Jaine, CEO of Intelex. ISC contributes 65% recurring revenue and strengthens our menu of connected solutions for … 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 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 … Kansas City-based Midland adds a like distributor of brass fittings, valves, barbs and other products sold through distributors and OEMs. 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 … All rights reserved. “We look forward to welcoming the Industrial Scientific employees to the Fortive team. At the point of its independent incorporation, Fortive immediately became a component of the S&P 500. Industrial Scientific Corporation to be Acquired by Fortive Corporation. NWS now consists of recently-joined distributors North American Corporation, WAXIE Sanitary Supply, SWPlus and Southeastern Paper Group. Imperial Dade Expands In Texas, Acquires Great Southwest Paper. We at Industrial Scientific are focused on preserving human life on, above, and below the earth. I sold ActiveBlu to Fortive (FTV, formerly part of Danaher) as part of the acquisition of Industrial Scientific by Fortive. The transaction is subject to customary conditions to closing and is expected to close before the end of 2017. ISC contributes 65% recurring revenue and strengthens our menu of connected solutions for critical maintenance and safety applications. Our founders envisioned a company where all employees would be empowered to solve problems. Fortive completed the previously-announced acquisition of Industrial Scientific … In July, Fortive agreed to acquire Industrial Scientific Corporation, a leading provider of portable gas detection equipment and a safety-as-a-service pioneer. 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. 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. Fortive completed the previously-announced acquisition of Industrial Scientific on August 25, 2017. Dedicating our careers to ending death on the job by 2050. The agreement on the change of ownership will enable Industrial Scientific to increase capacity and … 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. Fortive will pay $2 billion in cash and expects Accruent to generate revenues of $270 million in 2018. Intelex will be operated as a stand-alone company inside Industrial Scientific. 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. Jul 31st, 2017. Rexnord to Acquire Partition & Locker Supplier Hadrian. Founded in 1985, Industrial Scientific is a leader in providing gas detection products, services, and solutions for worksites around the world. 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. London's Electrocomponents Buys MRO Management Provider Synovos for $145M. The sale creates one of the largest independent PVF distributors in the southwest US. 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 … Both company’s Board of Directors have already approved the acquisition. 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. Industrial Scientific has invested in several outside ventures to expand the potential of workplace safety and gas detection products. These investments, and the ongoing innovations of Industrial Scientific, are all in an effort to end work-related deaths by the year 2050. Now Private, US LBM Acquires Ridgefield Supply in Connecticut. © 2021 Industrial Media, LLC. Industrial Scientific: Preserving human life is our life’s work. Over time Fortive would establish their second quarters in the Industrial Scientific building. 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. Industrial Scientific 7 years 10 months 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. The building materials distributor strengthens its presence in the New York metropolitan tristate area. In July 2017 Fortive acquired Pittsburgh-based Industrial Scientific, in gas detection and safety-as-a-service. Fortive is a diversified industrial growth company comprised of professional instrumentation and industrial technologies businesses. The company has over 700 global employees committed to preserving human life and property. Prior to July 2, 2016, Fortive operated as part of Danaher Corporation. Ingersoll Rand to Buy Tuthill Vacuum and Blower Systems in $184M Deal. Midland Industries Acquires Texas' Champion Brass. EVERETT — Fortive Corp. announced Thursday that it had signed an agreement to acquire Industrial Scientific Corp., a Pittsburgh company that makes gas detection equipment. 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. 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 … Intelex will be acquired from JMI Equity. 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. "Joining Industrial Scientific and the Fortive group of companies is a game-changer for Intelex as well as the industry. Industrial Scientific’s line of gas monitoring products and services are used in virtually every industry to protect people from exposure to harmful gases. Intelex announces Definitive Agreement to be Acquired by Industrial Scientific Canada NewsWire TORONTO, June 6, 2019 Acquisition Bridges the Last Mile to … 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. 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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