Fortive Corp (Fortive) is a provider of essential technologies for connected workflow solutions across various end-markets. Fortive designs, develops, manufactures, and services professional and engineered products, software, and services. It serves manufacturing, process industries, healthcare, utilities and power, communications and electronics, industrial, power and energy, automotive, medical equipment, food and beverage, aerospace and defense, semiconductor, and other general industries.

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The R&D arm of Fortive focuses on developing and introducing new products and services with advanced features and functionalities, better performance, and lower cost. Across the portfolio, the company introduced a wave of new technologies, with Fluke launching 20 major products focused on solar and energy-storage tools, while the Facilities & Asset Lifecycle software group released 15 new product introductions to enhance digital workflows. In Precision Technologies, Tektronix rolled out four new electronic test and measurement products targeting high-growth applications, and Qualitrol expanded its suite of electric-grid monitoring and energy-storage solutions to support global power-infrastructure needs. In healthcare, ASP launched six new 510(k)-approved sterilization and infection-prevention products, marking its strongest innovation year. These advancements, combined with Fortive’s new AI- and machine-learning-driven R&D engine known as The Fort, highlight a company-wide push to accelerate breakthrough technologies across all three segments. In FY2024, the company spent US$414 million on its R&D, which as a percentage of revenue stood at 6.6%.