Company Profile: Fortive Corporation
Background
Fortive Corporation is an American industrial technology conglomerate headquartered in Everett, Washington. Established in 2016 as a spin-off from Danaher Corporation, Fortive specializes in providing essential technologies for connected workflow solutions, encompassing the design, development, manufacturing, and distribution of professional and engineered products, software, and services. The company operates through three strategic segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. As of 2022, Fortive employs over 18,000 individuals across 60 countries worldwide.
Key Strategic Focus
Fortive's strategic focus centers on delivering innovative solutions that enhance operational efficiency and safety across various industries. The company emphasizes:
- Core Objectives: Accelerating transformation in high-impact fields such as workplace safety, engineering, and healthcare.
- Areas of Specialization: Advanced instrumentation, software solutions, and services that support connected digital workflows.
- Key Technologies Utilized: Integration of software, data analytics, and AI-driven capabilities to optimize performance and productivity.
- Primary Markets Targeted: Manufacturing, process industries, healthcare, utilities, power, communications, and electronics sectors.
Financials and Funding
Fortive is a publicly traded company listed on the New York Stock Exchange under the ticker symbol FTV. As of August 13, 2025, the company's stock performance is as follows:
Stock market information for Fortive Corp (FTV)
- Fortive Corp is an equity in the USA market.
- The price is 48.73 USD currently with a change of 1.08 USD (0.02%) from the previous close.
- The latest open price was 47.86 USD and the intraday volume is 6,250,902.
- The intraday high is 48.86 USD and the intraday low is 47.63 USD.
- The latest trade time is Wednesday, August 13, 23:15:00 UTC.
In 2024, Fortive reported revenues of approximately $6.1 billion, with assets totaling $17.5 billion and profits of $899.6 million. The company has a history of strategic acquisitions to bolster its market position and technological capabilities. Notable acquisitions include:
- 2016: Fluke Corporation acquired eMaint Enterprises, a provider of computerized maintenance management software.
- 2017: Industrial Scientific Corporation, a Fortive subsidiary, acquired Landauer, a provider of radiation measurement services.
- 2018: Fortive acquired Accruent, a software company specializing in real estate and facilities management.
- 2019: Advanced Sterilization Products (ASP) was acquired from Johnson & Johnson, expanding Fortive's presence in the healthcare sector.
Pipeline Development
Fortive's pipeline development focuses on enhancing its product offerings through continuous innovation and strategic acquisitions. The company has introduced several notable products, including:
- Fluke's ii900 Sonic Industrial Imager: A device designed to detect compressed air leaks, contributing to energy efficiency.
- Fluke's T6: A handheld test tool that allows users to take measurements without test leads, improving safety and efficiency.
- Invetech's Formulate and Fill Platform: A system designed for the formulation and filling of liquid products, enhancing manufacturing processes.
These innovations reflect Fortive's commitment to advancing technology and meeting the evolving needs of its customers.
Technological Platform and Innovation
Fortive distinguishes itself through several proprietary technologies and scientific methodologies:
- Proprietary Technologies: The company leverages advanced instrumentation and software solutions to provide connected workflow solutions across various industries.
- Significant Scientific Methods: Fortive employs data analytics and AI-driven capabilities to optimize performance and productivity, ensuring continuous improvement and innovation.
Leadership Team
Fortive's leadership team comprises experienced professionals dedicated to driving the company's mission and strategic objectives:
- Olumide Soroye: President & CEO. Olumide leads Fortive in accelerating profitable growth and value creation, drawing on over 30 years of leadership experience across various industries. Prior to joining Fortive, he served as Managing Director at CoreLogic and Partner at McKinsey & Company.
- Mark Okerstrom: Chief Financial Officer. Mark oversees Fortive's finance function, including accounting, corporate strategy, financial planning, and investor relations. Before joining Fortive, he was President and CEO of Expedia Group, Inc.
- Jonathan Schwarz: SVP, Corporate Development. Jonathan is responsible for driving inorganic growth through M&A, investments, and partnerships. He previously worked at Danaher Corporation and in investment banking.
- Peter Underwood: SVP & General Counsel. Peter leads Fortive's global legal organization, including integrity and compliance, governance, litigation, and intellectual property. He joined Fortive from Regal Beloit.
- Stacey Walker: SVP & Chief Human Resources Officer. Stacey leads Fortive's people strategy, focusing on creating a strong and inclusive growth culture. She has been with Fortive since its inception in 2016.
Competitor Profile
Fortive operates in a competitive landscape with several key players:
- Honeywell International Inc.: A multinational conglomerate operating in aerospace, building technologies, performance materials, and safety and productivity solutions.
- Emerson Electric Co.: A global technology and engineering company providing solutions for industrial, commercial, and residential markets.
- General Electric (GE): A diversified industrial company operating in sectors including power, renewable energy, aviation, and healthcare.
- Schneider Electric: Specializes in energy management and automation solutions, focusing on sustainability and digital transformation.
- TE Connectivity: Provides connectivity and sensor solutions essential in today's connected world.
- Rockwell Automation: Offers industrial automation and information solutions to increase productivity and sustainability.
Strategic Collaborations and Partnerships
Fortive has engaged in several strategic collaborations to enhance its market position and innovation capacity:
- Pioneer Square Labs (PSL): In May 2020, Fortive partnered with PSL to launch tech startups, fostering innovation and expanding its portfolio.
- ServiceChannel: In July 2021, Fortive acquired ServiceChannel, a global provider of SaaS-based multi-site facilities maintenance service solutions, enhancing its Intelligent Operating Solutions segment.
Operational Insights
Fortive's operational strategy emphasizes continuous improvement and innovation, guided by the Fortive Business System (FBS). This approach focuses on lean manufacturing principles, operational excellence, and a strong culture of inclusion and diversity. The company has been recognized for its commitment to sustainability and positive impact, creating long-term value for stakeholders.
Strategic Opportunities and Future Directions
Fortive's strategic roadmap includes:
- Expansion into Emerging Markets: Leveraging its technological capabilities to enter and grow in emerging markets, capitalizing on industrialization and technological adoption trends.
- Technological Advancements: Continuing to invest in IoT, AI, and automation to drive product innovation and market expansion.
- Healthcare Sector Growth: Expanding its presence in the healthcare sector through strategic acquisitions and product development.
- Sustainability Initiatives: Focusing on sustainability and energy efficiency to meet evolving market demands and regulatory requirements.
Contact Information
- Official Website: www.fortive.com
- Social Media Profiles:
- LinkedIn: Fortive Corporation
- Twitter: @FortiveCorp
- Facebook: Fortive Corporation
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