Fortive Corporation

Is Fortive publicly traded?
Yes. Fortive Corporation trades on the New York Stock Exchange under the ticker FTV.

Who owns Fortive?
Fortive is a public company owned by institutional investors and other shareholders with no controlling owner. Olumide Soroye is president and CEO.

Is Fortive part of Danaher?
No. Fortive was created by Danaher's July 2016 separation and has been an independent company since. Danaher kept life sciences and diagnostics; Fortive took industrial technology.

What does Fortive own?
Fortive owns about two dozen operating companies, most prominently Fluke, Tektronix, Industrial Scientific, eMaint, ServiceChannel, and healthcare businesses like Provation and ASP.

Where is Fortive headquartered?
Fortive is headquartered in Everett, Washington, north of Seattle, the same area as its largest operating company, Fluke.

What is Fortive's strategy?
Fortive is shifting from industrial hardware toward sensing, safety, and software businesses with higher recurring revenue, organized under three segments and run through the Fortive Business System.

Fortive was created on July 2, 2016, when Danaher separated into two companies. Danaher retained the higher-growth life sciences, diagnostics, and water businesses; Fortive took the industrial side: test and measurement (Fluke, Tektronix), industrial technologies, retail fueling, telematics, and automation businesses.

James Lico, a Danaher veteran, led Fortive from the spin-off, building the portfolio through acquisitions in software and sensing while divesting slower-growth industrial assets. The major moves reshaped the portfolio: the separation of the industrial businesses Vontier in 2020, acquisitions like ServiceChannel and Provation for software, and continued emphasis on recurring revenue.

Under Lico the company moved from a collection of industrial tools toward a sensing and software model organized around three platforms: Intelligent Operating Solutions (Fluke and sensing), Precision Technologies (measurement and sensing), and Advanced Healthcare Solutions (healthcare workflow and sterilization).

In 2025 Lico retired and Olumide Soroye, who had led the Intelligent Operating Solutions segment, became president and CEO, continuing the transition toward software and recurring revenue businesses.

Fortive publishes ESG reporting covering operational emissions, safety, supplier standards, and product impact. Many products contribute to efficiency: test tools enable safety, sensors improve efficiency, and software reduces waste.

The company has set emissions reduction targets and reports through standard ESG frameworks. It is not B Corp certified.

Fortive appears on sustainability indices and employer rankings, and its operating companies, particularly Fluke and Tektronix, hold strong brand recognition within their trades and engineering communities.

Fortive's principal corporate controversy was its 2020 proxy fight and settlement with activist investor Trian Partners, which took board seats and pushed operational and capital allocation improvements. The relationship produced governance changes that shareholders generally credited with improving performance.

Operating companies face normal product safety and regulatory requirements, particularly Fluke on electrical safety ratings and healthcare businesses on FDA and sterilization standards.