Fortive Corp FTV

Fortive Corporation, incorporated on November 10, 2015, is a diversified industrial growth company. The Company designs, develops, manufactures and markets professional and engineered products, software and services for a range of end markets. The Company operates through two segments: Professional Instrumentation and Industrial Technologies. The Company's brands operate in field instrumentation, transportation, sensing, product realization, automation and specialty, and franchise distribution markets. As of September 30, 2016, the Company's research and development, manufacturing, sales, distribution, service and administrative facilities were located in approximately 40 countries.

Professional Instrumentation

The Professional Instrumentation segment offers essential products, software and services used to create actionable intelligence by measuring and monitoring a range of physical parameters in industrial applications, including electrical current, radio frequency signals, distance, pressure and temperature. Customers for these products and services include industrial service, installation and maintenance professionals, designers and manufacturers of electronic devices and instruments, and other customers for whom precision and reliability are critical in their specific applications. Its Professional Instrumentation segment consists of its Advanced Instrumentation & Solutions and Sensing Technologies businesses.

The Company's Advanced Instrumentation & Solutions business consists of field solutions and product realization. Its field solutions products include a range of compact professional test tools, thermal imaging and calibration equipment for electrical, industrial, electronic and calibration applications, online condition-based monitoring equipment, and computerized maintenance management software for critical infrastructure in electrical utility and industrial applications. These products and associated software solutions measure voltage, current, resistance, power quality, frequency, pressure, temperature and air quality, among other parameters. Typical users of these products and software include electrical engineers, electricians, electronic technicians, medical technicians, network technicians, and industrial service, installation and maintenance professionals. It also makes and sells instruments, controls and monitoring and maintenance systems used by maintenance departments in electric utilities and industrial facilities to monitor assets, including transformers, generators, motors and switchgear. Products are marketed under a range of brands, including FLUKE, FLUKE BIOMEDICAL, FLUKE NETWORKS and QUALITROL.

The Company's product realization services and products help developers and engineers convert concepts into finished products. Its test, measurement and monitoring products are used in the design, manufacturing and development of electronics, industrial, video and other advanced technologies. Typical users of these products and services include research and development engineers who design, de-bug, monitor and validate the function and performance of electronic components, subassemblies and end-products, and video equipment manufacturers, content developers and broadcasters. The business also provides a full range of design, engineering and manufacturing services and highly-engineered, modular components to enable conceptualization, development and launch of products in the medical diagnostics, cell therapy and consumer markets. It designs, develops, manufactures and markets critical, highly-engineered energetic materials components in specialized vertical applications. Products and services are marketed under a range of brands, including INVETECH, KEITHLEY, PACIFIC SCIENTIFIC ENERGETIC MATERIALS COMPANY and TEKTRONIX.

The Company's Sensing Technologies business offers devices that sense, monitor and control operational or manufacturing variables, such as temperature, pressure, level, flow, turbidity and conductivity. Users of these products span a range of industrial and manufacturing markets, including medical equipment, food and beverage, marine, industrial, off-highway vehicles, building automation and semiconductors. Its modular products and agile supply chain enables customization of solutions for operational requirements and which meet the lead-time needs of its customers. Products in this business are marketed under a range of brands, including ANDERSON-NEGELE, GEMS and SETRA. Manufacturing facilities of its Professional Instrumentation segment are located in North America, Europe and Asia.

Industrial Technologies

The Industrial Technologies segment offers critical technical equipment, components, software and services for manufacturing, repair and transportation markets around the world. It offers fueling, environmental, field payment, vehicle tracking and fleet management solutions that are used in retail, commercial, and private fleet applications, as well as precision motion-control and other specialty products and solutions that enable manufacturing and other process industries around the world. Customers for these products and services include retail and commercial fueling operations, fleet owners, industrial machine original equipment manufacturers (OEMs), commercial auto-repair businesses and other industrial customers. The Company's Industrial Technologies segment consists of its Transportation Technologies, Automation & Specialty Components and Franchise Distribution businesses.

The Company's Transportation Technologies business is a provider of solutions and services focused on fuel dispensing, remote fuel management, point-of-sale and payment systems, environmental compliance, vehicle tracking and fleet management, and traffic management. This business consists of Retail/Commercial Petroleum and Telematics. Its retail/commercial petroleum products include environmental monitoring and leak detection systems; vapor recovery equipment; fuel dispenser systems for petroleum and compressed natural gas; point-of-sale and secure electronic payment technologies for retail petroleum stations; submersible turbine pumps, and remote monitoring and outsourced fuel management services, including compliance services, fuel system maintenance, and inventory planning and supply chain support. Users of these products include independent and company-owned retail petroleum stations, high-volume retailers, convenience stores and commercial vehicle fleets. Its retail/commercial petroleum products are marketed under a range of brands, including ANGI, GASBOY, GILBARCO, GILBARCO AUTOTANK and VEEDER-ROOT. Its telematics products include vehicle tracking and fleet management hardware and software solutions that fleet managers use to position and dispatch vehicles, manage fuel consumption and promote vehicle safety, compliance, operating efficiency and productivity. Typical users of these solutions span a range of industries and include businesses and other organizations that manage vehicle fleets. In addition, its smart traffic products include traffic management hardware and software that municipalities and other communities use. Its telematics products are marketed under a range of brands, including NAVMAN and TELETRAC.

The Company's Automation & Specialty Components business provides a range of electromechanical and electronic motion control products (including standard and custom motors, drives and controls) and mechanical components (such as ball screws, linear bearings, clutches/brakes and linear actuators), as well as supplemental braking systems for commercial vehicles. The automation products are sold in various precision motion markets, such as the markets for packaging equipment, medical equipment, metal forming equipment, robotics and food and beverage processing applications. Customers are typically systems integrators who use its products in production and packaging lines and OEMs that integrate its products into their machines and systems. It is also a supplier of supplemental braking systems for commercial vehicles, selling JAKE BRAKE brand engine retarders for class 6 through 8 vehicles and bleeder and exhaust brakes for class 3 through 7 vehicles. Customers are primarily OEMs of class 3 through class 8 vehicles, and choose suppliers based on their technical expertise and total cost of ownership. Products in this business are marketed under a range of brands, including DYNAPAR, HENGSTLER, JAKE BRAKE, KOLLMORGEN, PORTESCAP and THOMSON.

The Company's Franchise Distribution business consists of Professional Tools and Wheel Service Equipment. The Company manufactures and distributes professional tools, toolboxes and automotive diagnostic equipment through its network of franchised mobile distributors, who sell primarily to professional mechanics under the MATCO brand. It produces a full-line of wheel service equipment, including brake lathes, tire changers, wheel balancers and wheel weights under various brands, including the COATS brands. Users of these products are automotive tire and repair shops. Manufacturing facilities of its Industrial Technologies businesses are located in North America, South America, Europe and Asia.