Fortive Corp - Company Profile
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Business Description
Fortive Corp (Fortive) is an industrial technology company, which designs, develops, manufactures, and markets professional and engineered products, software, and services. It serves customers in advanced instrumentation, sensing, transportation technology, healthcare, and franchise distribution sectors. Fortive operates through three reportable business segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions.
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R&D Overview
R&D efforts focus on developing and introducing new products and services with advanced features and functionalities, better performance, and lower cost. It invests in designing and developing new products and applications for addressing customer needs and emerging trends, besides enhancing the functionality, effectiveness, ease of use, and reliability of its existing products. In FY2022, the company spent US$401.5 million on its R&D, which was 6.9% of its revenue.
Business Segments
Overview
Offers hardware and software products for instrument and device reprocessing, cell therapy equipment design and manufacturing, instrument tracking, biomedical test tools, radiation safety monitoring, and asset management. Also, provides critical sterilization and disinfection solutions, and subscription-based surgical inventory management systems to healthcare facilities. Key brands include ASP, Censitrac, Censis, Evotech, Fluke Biomedical, Raysafe, Invetech, Landauer, And Sterrad.
Performance
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Overview
Provides a broad and differentiated offering of instrumentation, sensors, software and services. Major product portfolio includes connected reliability tools, environment, health, safety, and quality (EHSQ) enterprise software products, and facility and asset lifecycle software. Also, offers pre-construction planning and construction procurement solutions. Provides hardware offerings such as ruggedized professional test tools; and electric, pressure, and temperature calibration tools for high-end government and industrial labs. Serves a wide range of vertical end markets such as manufacturing, process industries, healthcare, utilities and power, communications and electronics. Key brands include Accruent, Fluke, Fluke Networks, Gordian, Industrial Scientific, Intelex, And Pruftechnik.
Performance
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Overview
Offers electrical test and measurement instruments, energetic material devices, and sensor and control system solutions. Serves power and energy, medical equipment, food and beverage, off-highway vehicles, electronics, aerospace and defense, semiconductors, and other general industrial markets. Key brands include Anderson-Negele, Gems, Setra, Hengstler-Dynapar, Qualitrol, Pacific Scientific, Keithley and Tektronix.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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