Dec 3 (Reuters) - Industrial products maker Fortive Corp
said on Friday it had entered a deal with Clearlake
Capital Group to acquire Provation Software Inc, a provider of
software solutions used in hospitals, for nearly $1.43 billion.
Investment firm Clearlake had acquired Provation in 2018.
Fortive, which spun out from Danaher Corp in 2016,
expects to finance the deal with short-term debt and cash.
The move is the second billion dollar deal that Fortive has
announced in the span of about five months. In July, the company
said it would buy a facilities management software provider
ServiceChannel for $1.2 bln from Bayard Capital and Accel
The conglomerate expects the deal to add to its adjusted
earnings per share by more than 8 cents in fiscal 2022.
Evercore served as financial advisor to Fortive, while
Credit Suisse and William Blair served as financial advisor to
The deal is expected to close by the end of the year.
(Reporting by Manojna Maddipatla and Oishee Majumdar in
Bengaluru; Editing by Amy Caren Daniel)