Ralliant

What Ralliant does

Ralliant Corporation is a global precision technology company organized into two reporting segments, Test & Measurement and Sensors & Safety Systems, serving engineers at industry-leading companies, research institutions, and governments across semiconductor, datacenter, consumer electronics, automotive, energy storage, defense and space, utilities, and industrial manufacturing end markets. In Test & Measurement, the company designs, manufactures, and services oscilloscopes, probes, source measuring units, semiconductor test systems, high-power bi-directional power supplies, and measurement analysis software marketed under the Tektronix, Keithley Instruments, Sonix, and EA Elektro-Automatik brands. In Sensors & Safety Systems, it provides power grid monitoring and asset diagnostics (Qualitrol), energetic materials and ignition safety devices for defense and space (PacSci EMC), and premium industrial sensing products spanning liquid level, flow, pressure, and motion under brands including Gems Sensors, Setra Systems, Hengstler Dynapar, Anderson-Negele, Dover Motion, and Specialty Product Technologies.

The company reports approximately 7,000 employees globally (over 1,400 engineers), roughly 2,200 active patents, and more than 150 years of operating heritage. It sells primarily through direct channels in the United States and via representatives and distributors internationally, with an engineer-to-engineer sales motion and a dedicated partner ecosystem. FY2025 revenue was $2.06 billion (48.7% outside the U.S., serving 90,000+ customers across 90+ countries) and Q1 2026 revenue reached $535 million (+11% YoY). The company unified its operating culture under the Ralliant Business System (RBS), which has been infused with agentic AI for real-time root-cause analysis and supports AI-enabled fault detection within Qualitrol and generative AI tools within Anderson-Negele. Following its June 28, 2025 spin-off from Fortive Corporation, Ralliant trades on the NYSE under "RAL" and has invested in a new Raleigh, North Carolina global headquarters.

Name

Ralliant

Legal name

Ralliant Corporation

Website

https://investors.ralliant.com

Company type

Public

Founded year

2024

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Ralliant Corporation (NYSE: RAL) is a global precision technology company, spun off from Fortive in 2025, that designs and manufactures test and measurement instruments plus sensors and safety systems serving engineers at semiconductor, defense, automotive, grid, and industrial customers across 90+ countries.

Ownership category

akta.pro rank

Product category

Precision Test and Measurement Instrumentation

NAICS

Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515), Other Measuring and Controlling Device Manufacturing (334519), Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables (334513), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345)

SIC

Instruments For Meas & Testing Of Electricity & Elec Signals (3825), Industrial Instruments For Measurement, Display, And Control (3823), Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Test & Measurement Equipment (Oscilloscopes, DAQ, signal analyzers, calibration benches) (IMAGAFAC)

akta.pro secondary industries

Military Aerospace Ground Support Equipment (GSE) & Test Systems (IMABAMAL), Test, Probe & Burn-In Equipment (Wafer Sort/Final Test) (HDAHAEAJ), Metrology, Calibration & Testing Equipment (Balances, pH/DO, Standards) (HLAGAIAL), Weighing & Force Measurement (Load cells, scales, torque, strain measurement) (IMAGAFAF)

Keywords

• Precision instruments
• Test and measurement
• Grid monitoring solutions
• Industrial sensors
• Defense ignition systems

Headquarters

HQ city

Raleigh

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Precision instrument and engineered product sales (hardware): Primary revenue stream from designing, developing, manufacturing, and servicing precision instruments and highly engineered products across Test and Measurement and Sensors and Safety Systems segments. Includes oscilloscopes, probes, source measuring units, semiconductor test systems, high-power bi-directional power supplies, grid monitoring solutions, energetic materials, ignition safety systems, and precision sensors. FY2025 revenue of approximately $2.06 billion with Q1 2026 revenue of $535 million (+11% YoY).
2. Related services and software (recurring/embedded): Includes measurement analysis software packages, calibration, repair, and field services for installed precision instruments, embedded in product sales and government/defense contracts.
3. Government and defense contract revenue: Sales of products and services to government entities including U.S. Department of War contracts such as the $27.3 million Defense Production Act Title III investment for PacSci EMC's Universal Arm Fire Device production. Subject to FAR and other federal acquisition regulations.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Ralliant designs, develops, manufactures, and services precision instruments and highly engineered products across two segments. The Test and Measurement segment delivers oscilloscopes, probes, source measuring units, semiconductor test systems, high-power bi-directional power supplies, and measurement analysis software. The Sensors and Safety Systems segment delivers power grid monitoring solutions, energetic materials and ignition safety systems, and premium sensing products (liquid level, flow, pressure, motion, and hygienic sensors). These products are sold to engineers at industry-leading companies, research institutions, and governments across semiconductor, datacenter, consumer electronics, automotive, energy storage, aerospace, defense and space, utilities, and industrial manufacturing markets.

Product overview

Ralliant operates a two-segment platform-plus-brand architecture. Its Test & Measurement segment delivers precision instruments and systems (oscilloscopes, probes, source measuring units, semiconductor test systems, high-power bi-directional power supplies, and measurement analysis software) under sub-brands including TEKTRONIX, KEITHLEY INSTRUMENTS, SONIX, and EA ELECTRO-AUTOMATIK. Its Sensors & Safety Systems segment delivers grid monitoring and power asset diagnostics, energetic materials and ignition safety systems, and premium industrial sensing products under sub-brands including QUALITROL, GEMS SENSORS, SETRA SYSTEMS, HENGSTLER DYNAPAR, ANDERSON-NEGELE, DOVER MOTION, SPECIALTY PRODUCT TECHNOLOGIES, and PACIFIC SCIENTIFIC ENERGETIC MATERIALS COMPANY (PacSci EMC). Both segments are unified by the Ralliant Business System (RBS), the company's cross-portfolio operating system that has been infused with AI-powered approaches — including agentic layers for root-cause problem-solving and AI-enabled grid fault detection (notably in Qualitrol). With over 150 years of operating experience, ~7,000 team members, ~2,200 active patents, and a presence in more than 90 countries serving 90,000+ customers across semiconductor, datacenter, consumer electronics, automotive, energy storage, defense and space, utilities, and industrial manufacturing markets, Ralliant positions itself as a precision technology partner to engineers.

Differentiator

Problem solved

Functional benefit

Brands

• Tektronix: Test and measurement instruments (oscilloscopes, probes) marketed under the Tektronix brand.
• Keithley Instruments
• Sonix
• EA Elektro-Automatik
• Qualitrol
• Gems Sensors
• Setra Systems
• Hengstler Dynapar
• Anderson-Negele
• Dover Motion
• Specialty Product Technologies
• Pacific Scientific Energetic Materials Company

Products and services

• Precision Test and Measurement Instruments and Systems

Quantifiable outcome

• Q1 2026 revenue of $535 million, up 11% year-over-year with approximately 9% organic sales growth
• +4 more outcomes

Named customers2 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature7 records

Partnerships

Seven partnerships are on record, tiered core, flagship and minor.

• U.S. Department of War (Department of Defense)coreStrategic or Co-development Partner · 18 May 2026Pacific Scientific Energetics Materials Company (PacSci EMC), a Ralliant operating company, received a $27.3 million investment from the U.S. Department of War through Defense Production Act Title III funding to expand production of the Universal Arm Fire Device, a critical safety component used in solid rocket motors. The funding supports high-volume manufacturing scale-up, modernization of operations, and reduction of lead times for solid rocket motor components.
• Fortive CorporationflagshipStrategic or Co-development Partner · 28 June 2025Ralliant was spun off from Fortive Corporation on June 28, 2025, through a pro rata distribution in which each Fortive shareholder received one Ralliant share for every three Fortive shares held. Ralliant made a $1.15 billion cash payment to Fortive as partial consideration for the net assets contributed. The companies entered into a Separation and Distribution Agreement, Tax Matters Agreement, Transition Services Agreement, and other agreements governing ongoing indemnities and services. Ralliant's Registration Statement on Form 10 was declared effective May 30, 2025.
• State of North Carolina and Research Triangle universitiescoreStrategic or Co-development PartnerRalliant selected Raleigh, North Carolina for its global headquarters based on access to world-class universities, research institutions, and a highly skilled workforce aligned with its engineering and technical needs. The new HQ will serve as the company's strategic and operational hub, building on its existing North Carolina presence that includes a manufacturing facility in Elizabethtown with about 300 employees.
• Computershare Trust Company, N.A.minorOthersComputershare Trust Company, N.A. serves as Ralliant's transfer agent at P.O. Box 43010, Providence, RI 02940-3010 (phone: 800-568-3476).
• Anderson-Negele (acquired company)minorOEM/ Whitelabel/ Licensing PartnerAnderson-Negele, a manufacturer of hygienic process instrumentation for regulated industries such as food, beverage, pharmaceutical, and life sciences, joined Ralliant in 2025. The company operates manufacturing sites in the United States and Europe and is implementing lean manufacturing practices, visual management systems, and generative AI tools, with new product introductions planned for 2026.
• Anderson-Negele and Invetech divestiture counterpartiesminorStrategic or Co-development PartnerHistorical divestiture of Invetech (included in 2024 dispositions per 10-K) and acquisition/divestiture of Anderson-Negele as part of the Ralliant operating company portfolio restructuring. Post-Separation, Ralliant may assume contingent liabilities from divested businesses.
• Transfer agent and corporate services partners (Computershare, etc.)minorOthersStandard corporate services and administrative partnerships supporting Ralliant's standalone public company operations following the Fortive spin-off.

Scale indicators12 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Mettler-Toledo International: Precision instruments manufacturer spanning lab, industrial, and retail weighing solutions as well as analytical instruments; comparable to Ralliant's sensors and engineered-product portfolio with a similar high-margin, recurring-service business model.
• Keysight Technologies: Pure-play electronic test and measurement company selling oscilloscopes, signal analyzers, source measurement units, and semiconductor test solutions to the same semiconductor, aerospace/defense, and communications customers as Ralliant's Tektronix/Keithley/Sonix brands.
• Rohde & Schwarz: Privately held German T&M specialist with overlapping oscilloscope, signal analysis, and electronic test portfolios competing head-to-head with Tektronix and Keithley across wireless, aerospace/defense, and automotive test markets.
• IDEX Corporation: Diversified precision-engineered components and instruments company including fluidics, health and science, and fire & safety divisions that mirror Ralliant's sensors/safety and engineered-products platform across process industries.
• Ametek: Manufacturer of electronic instruments and electromechanical devices serving process, aerospace, defense, and industrial markets; comparable to Ralliant's Sensors & Safety Systems and selected T&M product lines through its electronic instruments group.

Emerging players

• Waters Corporation: Analytical laboratory instruments and informatics vendor serving pharmaceutical, biomedical, food safety, and academic customers; overlaps with Anderson-Negele hygienic instrumentation markets and broader Ralliant lab/sensing exposure.
• Transcat: Provider of calibration, repair, and test & measurement instrument distribution services; comparable to Ralliant's T&M calibration and service offering and its distribution channels for Tektronix/Keithley and adjacent precision instruments.

Broad incumbents

• Emerson Electric: Publicly identified by activist Irenic Capital as a potential strategic acquirer of Ralliant's Test & Measurement segment; broader industrial automation and test portfolio with National Instruments (NI) franchise directly competes with Tektronix/Keithley.
• Fortive Corporation: Former parent of Ralliant until the June 2025 spin-off; retained professional instrumentation and advanced healthcare solutions businesses that overlap with Ralliant's T&M and sensors portfolios, providing the closest comparable publicly-traded profile.
• Teledyne Technologies: Diversified industrial conglomerate with a sizeable instrumentation segment (oscilloscopes via Teledyne LeCroy, environmental sensors, imaging) competing directly with Ralliant's T&M and sensor franchises while also operating defense and aerospace businesses adjacent to PacSci EMC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries12 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ralliant