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OFFON

FORTIVE CORPORATION

(FTV)
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Fortive Corporation completed the acquisition of Servicechannel.Com, Inc. from Accel Partners and Bayard Capital Partners, LLC.

08/24/2021 EDT

Fortive Corporation (NYSE:FTV) entered into an agreement to acquire Servicechannel.Com, Inc. from Accel Partners and Bayard Capital Partners, LLC for approximately $1.2 billion on June 30, 2021. The transaction will be financed primarily with available cash. Upon closing, ServiceChannel is expected to be an independent operating company within Fortive’s Intelligent Operating Solutions segment. Completion will be subject to customary closing conditions, including regulatory approvals and expected in third quarter of 2021. The transaction is expected to be accretive to adjusted EPS (~+$0.04) as well as FCF in first full-year (FY 2022) of Fortive. Credit Suisse Securities (USA) LLC served as financial advisor and WilmerHale LLP served as legal counsel to Fortive. Morgan Stanley & Co. LLC served as financial advisor and Gunderson Dettmer LLP served as legal counsel to ServiceChannel. Fortive Corporation (NYSE:FTV) completed the acquisition of Servicechannel.Com, Inc. from Accel Partners and Bayard Capital Partners, LLC for on August 24, 2021. As a result of the acquisition, ServiceChannel has become an operating company within Fortive’s Intelligent Operating Solutions segment. Servicechannel.Com, Inc. join the team of Fortive Corporation.


ę S&P Capital IQ 2021
All news about FORTIVE CORPORATION
10/11FORTIVE : Credit Suisse Adjusts Fortive's Price Target to $84 from $80, Keeps Outperform R..
MT
10/08FORTIVE : Wells Fargo Starts Fortive at Equalweight with $72 Price Target
MT
10/07FORTIVE : Schedules Third Quarter 2021 Earnings Conference Call
BU
10/04FORTIVE : JPMorgan Adjusts Fortive's Price Target to $98 from $90, Keeps Overweight Rating
MT
09/21FORTIVE : to Present at the Bank of America Industrial Software and Automation Summit
BU
09/09FORTIVE : Leading Industrial Technology Conglomerate Fortive Acquires Hourly Worker Human ..
PR
09/07FORTIVE : to Present at the Morgan Stanley Virtual 9th Annual Laguna Conference
BU
09/02FORTIVE : RBC Lifts Price Target on Fortive to $75 From $74 to Reflect Acquisition of Serv..
MT
09/01FORTIVE : Closes ServiceChannel Purchase
MT
09/01FORTIVE : Announces Completion of ServiceChannel Acquisition
BU
More news
Analyst Recommendations on FORTIVE CORPORATION
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Financials (USD)
Sales 2021 5 321 M - -
Net income 2021 623 M - -
Net Debt 2021 744 M - -
P/E ratio 2021 41,1x
Yield 2021 0,38%
Capitalization 26 041 M 26 041 M -
EV / Sales 2021 5,03x
EV / Sales 2022 4,56x
Nbr of Employees 17 000
Free-Float 97,0%
Chart FORTIVE CORPORATION
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Fortive Corporation Technical Analysis Chart | FTV | US34959J1088 | MarketScreener
Technical analysis trends FORTIVE CORPORATION
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 72,66 $
Average target price 83,94 $
Spread / Average Target 15,5%
EPS Revisions
Managers and Directors
James A. Lico President, Chief Executive Officer & Director
Charles E. Mclaughlin Chief Financial Officer & Senior Vice President
Alan G. Spoon Chairman
Kate D. Mitchell Independent Director
Feroz Dewan Independent Director
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