
Fortive Corporation is an independent publicly traded company listed on the New York Stock Exchange under the ticker FTV. Fortive was spun off from Danaher Corporation in July 2016 and is headquartered in Everett, Washington. The company reported 2024 revenue of approximately $6.4 billion and employs approximately 17,000 people globally. Fortive operates through two segments: Professional Instrumentation and Industrial Technologies, with brands including Fluke, Tektronix, Industrial Scientific, Accruent, and Matco Tools.
Parent Company
Founded
2016
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Fortive Corporation | Danaher Corporation | Independent |
Fortive Corporation was created on July 2, 2016, when Danaher Corporation spun off its industrial technology businesses as a separate publicly traded company. The spin-off was announced in December 2015 and completed in July 2016. Danaher shareholders received one share of Fortive common stock for every two shares of Danaher common stock they held.
The spin-off was driven by Danaher's desire to focus on its life sciences and diagnostics businesses, which had higher growth margins and required different strategic priorities than the industrial technology segment. Fortive inherited a portfolio of industrial brands that had been acquired by Danaher over the previous two decades, including Fluke Corporation (acquired by Danaher in 1998), Tektronix (acquired in 2007), and Matco Tools (acquired in 1991).
At the time of the spin-off, Fortive reported pro forma revenue of approximately $6.2 billion for 2015 and employed approximately 23,000 people. The company was included in the S&P 500 index immediately upon its independent debut. Fortive's initial stock price was approximately $16 per share on its first day of trading.
Following the spin-off, Fortive pursued a strategy of both organic growth and acquisitions. In 2017, the company acquired Accruent, a software company specializing in physical asset management, for approximately $1.1 billion. In 2018, Fortive acquired Gordian, a facility management and construction cost data company. In 2019, Fortive acquired Industrial Scientific, a gas detection and safety monitoring company, for approximately $800 million.
In 2023, Fortive announced its intention to separate its Industrial Technology segment into an independent publicly traded company. This separation was designed to allow each business to focus on its specific market and strategic priorities. The Professional Instrumentation segment, which includes Fluke, Tektronix, and Industrial Scientific, would remain under the Fortive name.
As of 2025, Fortive operates through two primary segments. The Professional Instrumentation segment includes Fluke (electronic test and calibration tools), Tektronix (oscilloscopes and measurement instruments), Industrial Scientific (gas detection), Accruent (asset management software), and Gordian (facility management solutions). The Industrial Technologies segment includes automotive and industrial brands. The company reported 2024 revenue of approximately $6.4 billion.
What does Danaher Corporation own?
Danaher owns approximately 15 operating companies across three segments. In Biotechnology, it owns Cytiva and Pall Corporation. In Life Sciences, it owns Leica Microsystems, Molecular Devices, Integrated DNA Technologies, SCIEX, and Beckman Coulter Life Sciences. In Diagnostics, it owns Beckman Coulter Diagnostics, Cepheid, Radiometer, Leica Biosystems, and Masimo. It also owns environmental and applied solutions brands including Hach and Videojet.
Is Danaher Corporation publicly traded?
Yes. Danaher Corporation is publicly traded on the New York Stock Exchange under the ticker symbol DHR. The company is a component of the S&P 500 and is owned by institutional investors, mutual funds, and individual shareholders. There is no parent company or controlling shareholder.
Who founded Danaher Corporation?
Danaher was founded in 1969 by brothers Steven M. Rales and Mitchell P. Rales in Washington, D.C. The Rales brothers established the company as a diversified industrial conglomerate and built it into a global life sciences and diagnostics leader through decades of disciplined acquisitions and operational improvement.
Where is Danaher Corporation headquartered?
Danaher is headquartered in Washington, D.C., USA. The company's corporate offices are based in the Washington, D.C. metropolitan area, with operating companies and manufacturing facilities distributed across the United States, Europe, Asia, and the Americas.
How many brands does Danaher Corporation own?
Danaher owns approximately 15 operating companies across its three segments. These include well-known brands in life sciences and diagnostics such as Cytiva, Pall, Leica Microsystems, Beckman Coulter, Cepheid, Radiometer, and Masimo. The company also owns environmental and industrial brands including Hach and Videojet.
Who owns Danaher Corporation?
Danaher is an independent publicly traded corporation with no parent company. The company is owned by institutional investors, mutual funds, and individual shareholders who hold its NYSE-listed common stock. The Rales brothers remain significant shareholders and board members but do not hold a controlling stake. Major institutional holders include Vanguard Group, BlackRock, and State Street Corporation.
What were Danaher's recent financial results?
For FY2025, Danaher reported $24.6 billion in revenue and $3.6 billion in net earnings. In Q2 2026, revenue was $6.3 billion, up 5.5%, with net earnings of $870 million and adjusted EPS of $1.94, up 8.0%. The company raised its 2026 guidance to adjusted EPS of $8.45 to $8.60 and core revenue growth of 3.0% to 4.0%.
Has Danaher made major acquisitions recently?
In June 2026, Danaher completed the acquisition of Masimo Corporation for $9.9 billion, adding pulse oximetry and patient monitoring to its Diagnostics segment. In 2023, Danaher acquired Abcam for approximately $5.7 billion. The largest acquisition in company history was Cytiva (formerly GE Life Sciences) for $21.4 billion in 2016.
Fortive Corporation does not hold independently verified sustainability certifications such as B Corp status. The company publishes an annual sustainability report on its website, which includes environmental, social, and governance (ESG) metrics.
Fortive has set corporate-level environmental goals including reducing greenhouse gas emissions and waste at its manufacturing facilities. The company reports that several of its manufacturing sites have achieved zero-waste-to-landfill status. These figures are self-reported by Fortive and have not been independently audited by a third party.
The company's primary environmental impact comes from its manufacturing operations, which include electronic test equipment production, precision instruments, and industrial tools. Fortive's manufacturing facilities use hazardous materials including solvents, metals, and electronic components. The company reports compliance with environmental regulations in all operating jurisdictions but does not publish detailed emissions data broken down by facility.
Fortive's supply chain includes suppliers in China, Southeast Asia, and other regions where labor practices have been scrutinized. The company maintains a supplier code of conduct that prohibits forced labor and requires compliance with local labor laws. However, Fortive does not publish detailed audit results or supplier compliance rates.
The company has been included in the Dow Jones Sustainability Index (DJSI) North America. This inclusion is based on S&P Global's Corporate Sustainability Assessment, which evaluates companies on economic, environmental, and social criteria. This is an independent third-party assessment, not a self-reported certification.
No independently verified cruelty-free, vegan, or organic certifications apply to Fortive, as it is an industrial technology company that does not produce consumer personal care or food products.
No independently verified awards or recognitions specific to Fortive Corporation have been documented as of 2025. The company's inclusion in the Dow Jones Sustainability Index (DJSI) North America is an independent assessment, not an award. Fortive's inclusion in the S&P 500 index is based on market capitalization and float, not an award.
Fortive's operating brands have received industry-specific recognition. Fluke Corporation has received recognition from industry publications for its test and measurement instruments. Tektronix has received recognition for its oscilloscope products. These are product-level recognitions from industry publications, not corporate awards for Fortive.
Product Safety Recalls: Fortive's operating brands have issued product recalls for safety-related issues. Fluke Corporation has issued recalls for certain multimeter and clamp meter models due to electrical safety concerns. These recalls were conducted through the U.S. Consumer Product Safety Commission (CPSC) and were limited in scope. Specific recall details and dates are available on the CPSC website.
Supply Chain and Manufacturing Risks: Fortive manufactures a significant portion of its products in China, exposing the company to trade tensions between the U.S. and China. Tariffs imposed by the U.S. government on Chinese imports have affected Fortive's cost of goods sold. The company has diversified some manufacturing to other countries but remains dependent on Chinese manufacturing for certain product lines.
Industrial Technology Segment Separation (2023-2024): Fortive announced in 2023 that it would separate its Industrial Technology segment into an independent publicly traded company. The separation created uncertainty among employees and investors about the future of the segment's brands, including Matco Tools and Jacobs Vehicle Systems. Labor representatives raised concerns about potential job impacts from the separation.
Environmental Compliance: Fortive's manufacturing operations are subject to environmental regulations in the United States, China, and other countries. The company has reported compliance with environmental regulations but has not disclosed specific environmental violations or enforcement actions. Environmental advocacy groups have called for greater transparency in Fortive's emissions reporting.
Intellectual Property Disputes: Fortive and its operating brands have been involved in intellectual property lawsuits related to test and measurement instruments. Tektronix has filed patent infringement lawsuits against competitors. These lawsuits are standard in the technology industry and have been resolved through settlements or court judgments.
No direct competitors found in the same category. This could be because Fortive Corporationoperates in a unique market segment or we're still building our competitor database.
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