Fortive Corp, or FTV as it is widely known, is an American diversified industrial growth company that designs, develops, and manufactures advanced technology products and related services. The company is incorporated in Everett, Washington and has its headquarters in Everett, Washington, U.S. Founded in 2016, Fortive Corp was established as a spinoff of diversified conglomerate, Danaher Corporation. The decision to create Fortive was to leverage the growth in the industrial technology sector and to create a focused portfolio of strong assets with less business complexity.
Fortive Corp operates in more than 40 countries worldwide with more than 25,000 employees. The company is organized into two significant segments: Professional Instrumentation and Industrial Technologies. Professional Instrumentation includes field solutions and product realization, whereas Industrial Technologies comprises of Transportation technologies and Franchise distribution. It provides essential industrial technology solutions to a diverse range of end markets, including manufacturing, healthcare, consumer, transportation, and electronics.
Some of the brands under the Fortive portfolio include Fluke, Tektronix, Industrial Scientific, Gilbarco Veeder-Root, Matco, and several others, allowing the company to cover an extensive spectrum of critical customer needs across the globe. These products and services are used to increase efficiency and profitability, making Fortive Corporation's solutions vital to a wide array of industries.
The company has a culture of continuous improvement, focusing on an ambitious strategy to drive sustainable and profitable growth. Fortive has pursued this strategy by investing in high-impact research and development to create the next generation of industrial technology and by making strategic acquisitions to broaden its reach.
Fortive’s shareholding structure is largely composed of institutional ownership, reflecting the confidence of financial institutions in the company's long-term business vision and prosperous growth potential. As of 2020, FTV holds a standing position in the S&P 500, reflecting the company's significant role in the economy and the high regard for its consistent returns.
Generously driven by integrity and innovation, Fortive Corporation embodies a long history of tackling some of the industry's most complex challenges. It continuously innovates to generate better customer outcomes, providing world-class quality in its products and services. The company is committed to delivering sustainable impact—to their own business, the industries they serve, and the world.