Fortive

Name

Fortive

Legal name

Fortive Corporation

Website

https://fortive.com

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Everett

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Intelligent Operating Solutions: Provides hazard detection, predictive maintenance, and operational reliability solutions. Revenue includes hardware sales (gas detection, test and measurement instruments), software subscriptions (Accruent, ServiceChannel), and related services. Segment generated $770 million in Q4 2025.
2. Advanced Healthcare Solutions: Provides infection prevention technologies (sterilization systems, UV-C disinfection), clinical workflow software (Provation), and radiation safety solutions. Segment generated $353 million in Q4 2025.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Fortive provides essential technologies for industrial and healthcare settings, combining proprietary instrumentation, cloud-based software, and services through two segments: Advanced Healthcare Solutions (ASP STERRAD sterilization systems, UV-C disinfection, radiation safety, Provation clinical workflow software) and Intelligent Operating Solutions (Fluke test and measurement, Industrial Scientific gas detection, ServiceChannel maintenance management, Accruent workplace/asset management, Intelex compliance, Fluke Reliability predictive maintenance).

Product overview

Fortive operates as a diversified industrial technology company combining hardware, software, and services across two primary segments: Advanced Healthcare Solutions and Intelligent Operating Solutions. The Advanced Healthcare Solutions segment includes ASP (Advanced Sterilization Products) with its STERRAD 100NX Sterilizer system featuring hydrogen peroxide gas plasma technology and ULTRA GI Cycle for duodenoscope sterilization, the acquired UV Smart UV-C disinfection systems, and Provation clinical workflow software. The Intelligent Operating Solutions segment encompasses Fluke test and measurement instruments, Industrial Scientific gas detection and safety equipment with AI-powered pattern recognition, ServiceChannel maintenance management software, and Accruent workplace/asset management solutions. Fortive's products focus on connected instrumentation, cloud-based platforms, and analytics enabling real-time operational decisions in healthcare, industrial, and infrastructure settings.

Differentiator

Problem solved

Functional benefit

Brands

• Advanced Healthcare Solutions: Business segment focusing on medical device safety, radiation exposure protection, and automated critical workflows including infection prevention and intelligent automation
• Intelligent Operating Solutions
• Precision Technologies
• Fortive Business System
• Advanced Sterilization Products (ASP)
• Connected Reliability Group

Products and services

• STERRAD 100NX Sterilizer Advanced hydrogen peroxide gas plasma sterilizer used in healthcare settings for medical device sterilization, including duodenoscope reprocessing via the ULTRA GI Cycle. Sold to hospitals and healthcare facilities under the Advanced Healthcare Solutions segment.
• UV Smart D60 System UV-C high-level disinfection system that performs rapid disinfection of medical equipment, including TEE probes, in minutes using ultraviolet-C light. Marketed to hospitals and clinics across 35 countries.
• Provation Clinical Workflow Software Clinical workflow software integrated into Fortive's Advanced Healthcare Solutions segment, enhancing clinical documentation and workflow optimization for healthcare providers. Acquired in December 2021 for approximately $1.43 billion.
• Fluke Test and Measurement Instruments Test and measurement instrument brand providing industrial testing equipment, including fiber certification testers like the CertiFiber MAX, serving engineers and technicians across industries. Part of Fortive's Connected Reliability Group. Fluke Networks is the dominant player in North American network certification testers with 55-65% market share.
• Industrial Scientific Gas Detection Equipment Gas detection and workplace safety products offering AI-powered safety monitoring solutions for mining, steel, oil and gas sectors. Includes deployments on the International Space Station. Acquired by Fortive in 2017.
• ServiceChannel Maintenance Management Software Maintenance management software platform with over 500 enterprise customers and an integrated network of more than 70,000 service providers, enabling facility maintenance and service optimization. Acquired in July 2021 for approximately $1.2 billion.
• Accruent Workplace and Asset Management Software Workplace and asset management solutions, providing CMMS and facility management software for enterprise customers. Operates as a wholly owned subsidiary of Fortive.
• Intelex Environmental Compliance Software Hazard detection, safety monitoring, and environmental compliance software serving EHS teams across industrial customers.
• EA Elektro-Automatik Electronic Test and Measurement Solutions Electronic test and measurement solutions for energy storage, mobility, and renewable energy sectors. Acquired by Fortive in 2024 for approximately $1.45 billion.
• Fluke Reliability Predictive Maintenance Solutions Connected reliability, industrial IoT, and predictive maintenance solutions bundled under Fortive's Connected Reliability Group alongside the Fluke brand.

Quantifiable outcome

• 40%+ reduction in ESG materiality assessment project time through AI-driven ESG governance platform implementation
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• UV SmartcoreStrategic or Co-development Partner · 24 June 2026Advanced Sterilization Products (ASP), a Fortive-owned provider of infection prevention technologies, acquired a majority stake in Dutch medical technology company UV Smart, specializing in UV-C high-level disinfection systems. UV Smart's D60 system enables high-level disinfection of medical equipment such as TEE probes in minutes using UV-C light, compared to traditional processes taking hours. The acquisition accelerates global rollout of UV Smart's products across Europe and North America and strengthens ASP's infection prevention portfolio.
• Washington State University (Voiland College of Engineering and Architecture)minorStrategic or Co-development Partner · 6 March 2026Fluke, a subsidiary of Fortive, partnered with Washington State University to donate over 30 advanced test and measurement instruments to Voiland College of Engineering and Architecture, giving more than 4,000 students practical experience with industry-standard tools across five campuses. The initiative is a long-term strategy to embed Fluke's technology into engineering education.
• FUJIFILM Healthcare EuropecoreStrategic or Co-development Partner · 15 January 2026ASP GmbH, a division of Fortive, received CE mark approval for its ULTRA GI Cycle for the STERRAD 100NX Sterilizer in partnership with FUJIFILM Healthcare Europe GmbH. The new cycle uses hydrogen peroxide gas plasma sterilization and is compatible with FUJIFILM's new duodenoscope models ED-840T and ED-840XT, addressing infection control challenges in gastrointestinal endoscopic procedures.
• PENTAX MedicalcoreStrategic or Co-development Partner · 5 August 2024Advanced Sterilization Products announced FDA clearance for a revolutionary sterilization cycle for duodenoscopes in partnership with PENTAX Medical, marking a significant advancement in healthcare sterilization technology.
• NGLCC (National LGBT Chamber of Commerce)minorOthersFortive partners with NGLCC as part of its Supplier Diversity Program, which mirrors Fortive's inclusive culture and seeks to include certified diverse U.S. suppliers including minority-owned, woman-owned, LGBTQ+-owned, veteran-owned, and other underrepresented business categories.
• NMSDC (National Minority Supplier Development Council)minorOthersFortive partners with NMSDC to support its Supplier Diversity Program, working to include certified diverse suppliers in its procurement outreach across various demographic categories.

Scale indicators24 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Keysight Technologies: Keysight is a direct competitor to Fluke in electronic test & measurement instrumentation, serving similar electronics, communications, and industrial engineering customers with comparable oscilloscopes, signal analyzers, and bench instruments.
• Ametek: Ametek competes directly with Fluke and Fluke Reliability in electronic instruments and electromechanical devices, sharing Fortive's focus on precision measurement and industrial instrumentation with a similar diversified industrial technology profile.
• Mettler-Toledo International: Mettler-Toledo is a direct peer in precision industrial measurement instruments, competing with Fluke in laboratory, industrial weighing, and analytical instrumentation for similar enterprise customers.
• Steris Corporation: Steris is the most direct competitor to ASP in healthcare sterilization and infection prevention, offering overlapping low-temperature sterilization systems and endoscope reprocessing solutions to the same hospital customer base.

Broad incumbents

• Honeywell International: Honeywell is a broad incumbent overlapping with Fortive in industrial measurement, sensing, and process automation, including gas detection and safety instrumentation that compete with Industrial Scientific.
• Teledyne Technologies: Teledyne is a diversified industrial conglomerate with meaningful overlap in electronic test & measurement, instrumentation, and engineered products, providing a comparable diversified industrial tech profile to post-Ralliant Fortive.
• Roper Technologies: Roper is a diversified industrial technology and application software compounder with a similar capital allocation playbook of acquiring niche vertical software and instrumentation leaders — comparable to Fortive's Accruent, ServiceChannel, and Provation strategy.
• IDEX Corporation: IDEX operates a comparable diversified industrial portfolio of niche fluidics, measurement, and engineered components businesses, sharing Fortive's model of acquiring and operating specialized industrial technology brands.
• Emerson Electric: Emerson is a broad incumbent in industrial automation and measurement, with process instrumentation and reliability solutions that overlap with Fluke Reliability and ServiceChannel in the connected operations space.
• Dover Corporation: Dover is a diversified industrial manufacturer with comparable segments in refrigeration, fluid handling, and engineered products, sharing Fortive's diversified industrial technology business model and capital allocation discipline.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/fortivecorp
• YouTubeyoutube.com/channel/UCmnWkUlabmRqekE9mnjwY9g
• LinkedInlinkedin.com/company/fortive

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries10 records

Funding overview

Funding rounds3 records

Investors

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

M&A11 records

Investments5 records

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

Frequently asked questions about Fortive