FTV

Fortive Announces Pricing of Offering of Euro-denominated Senior Notes

Retrieved on: 
Thursday, February 8, 2024
Engineering, Data Management, Technology, Manufacturing, Software, Other Manufacturing, Sale, Fortive, Acquisition, Form, BNP Paribas, S-3, FTV, Prospectus, Morgan Stanley, Security (finance)

Fortive Corporation (“Fortive”) (NYSE: FTV) today announced that it has priced its registered offering (the “offering”) of €500 million aggregate principal amount of its 3.700% Notes due 2026 (the “2026 notes”) and €700 million aggregate principal amount of its 3.700% Notes due 2029 (the “2029 notes” and, together with the 2026 notes, the “notes”).

Key Points: 
  • Fortive Corporation (“Fortive”) (NYSE: FTV) today announced that it has priced its registered offering (the “offering”) of €500 million aggregate principal amount of its 3.700% Notes due 2026 (the “2026 notes”) and €700 million aggregate principal amount of its 3.700% Notes due 2029 (the “2029 notes” and, together with the 2026 notes, the “notes”).
  • BNP Paribas and Morgan Stanley & Co. International plc are acting as joint book-running managers for the offering of the notes.
  • This offering is being made only by means of a prospectus supplement and the accompanying prospectus related to the offering of the notes (collectively, the “prospectus”).
  • Before you invest, you should read the prospectus and other documents Fortive has filed with the SEC for more complete information about Fortive and this offering.

Blackhawk Network Signs Agreement to Acquire Tango Card

Retrieved on: 
Wednesday, January 31, 2024
Software, Technology, Payments, Acquisition, Blackhawk Network Holdings, FTV, HR, Hart–Scott–Rodino Antitrust Improvements Act, API, Marketing, BHN, Cryptocurrency

To further enhance the power of its global rewards platform, branded payments provider Blackhawk Network (BHN) today confirmed that it has entered into a definitive agreement to acquire digital B2B gift card rewards innovator Tango Card (Tango) .

Key Points: 
  • To further enhance the power of its global rewards platform, branded payments provider Blackhawk Network (BHN) today confirmed that it has entered into a definitive agreement to acquire digital B2B gift card rewards innovator Tango Card (Tango) .
  • “We have been a longtime partner to Tango and were also an early investor.
  • “I started Tango 15 years ago to fundamentally improve the incentives industry for customers and their recipients,” said David Leeds, Tango’s founder and CEO.
  • The Tango acquisition marks the second time FTV and BHN have partnered on an acquisition.

Fortive Reports Strong Fourth Quarter and Full Year 2023 Results; Introduces First Quarter and Full Year 2024 Outlook

Retrieved on: 
Wednesday, January 31, 2024
Engineering, Health, Technology, Manufacturing, Health Technology, Software, Other Manufacturing, Gems, Small business, Acceleration, FTV, Small Business Act, DLA, Defense, Fortive, Acquisition, Webcast, Textile

Fortive Corporation (“Fortive”) (NYSE: FTV) today announced financial results for the fourth quarter and full year 2023.

Key Points: 
  • Fortive Corporation (“Fortive”) (NYSE: FTV) today announced financial results for the fourth quarter and full year 2023.
  • For the fourth quarter, revenues increased 4% year-over-year to $1.58 billion, which included core revenue growth of 3%.
  • James A. Lico, President and Chief Executive Officer, stated, “Fortive generated outstanding operating performance in the fourth quarter and 2023.
  • A digital recording of the conference call will be available two hours after the completion of the call until Wednesday, February 14, 2024.

Fortive Announces Replenishment of Share Repurchase Authorization

Retrieved on: 
Tuesday, January 23, 2024
Manufacturing, Data Management, Technology, Engineering, Software, FTV, Share repurchase, Fortive, M&A, Security (finance)

Fortive Corporation (“Fortive”) (NYSE: FTV) announced today that its Board of Directors approved a replenishment of 11 million shares of Fortive common stock to the Company’s previously announced share repurchase authorization, bringing the total amount for future repurchases to 20 million shares, including 9 million shares available under the prior authorization by the Board of Directors announced on February 17, 2022.

Key Points: 
  • Fortive Corporation (“Fortive”) (NYSE: FTV) announced today that its Board of Directors approved a replenishment of 11 million shares of Fortive common stock to the Company’s previously announced share repurchase authorization, bringing the total amount for future repurchases to 20 million shares, including 9 million shares available under the prior authorization by the Board of Directors announced on February 17, 2022.
  • James Lico, President and Chief Executive Officer, stated, “Fortive is focused on maintaining a thoughtful approach to capital allocation, prioritizing the pursuit of disciplined M&A, in order to drive value for our shareholders.
  • We are pleased to replenish our repurchase authorization, which along with an increased quarterly dividend and accelerated M&A returns, reflects the execution of our strategy, robust cash generation and ability to deliver profitable growth.
  • The repurchase authorization has no expiration date and does not obligate Fortive to acquire any particular amount of shares and may be suspended or discontinued at any time.

Fortive Declares Regular Quarterly Dividend on its Common Stock

Retrieved on: 
Tuesday, January 23, 2024
Engineering, Technology, Manufacturing, Software, Machinery, Hardware, Fortive, FTV

Fortive Corporation (“Fortive”) (NYSE: FTV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.08 per share of its common stock, par value $0.01 per share, payable on March 28, 2024 to common stockholders of record on February 23, 2024.

Key Points: 
  • Fortive Corporation (“Fortive”) (NYSE: FTV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.08 per share of its common stock, par value $0.01 per share, payable on March 28, 2024 to common stockholders of record on February 23, 2024.
  • Although Fortive expects to pay dividends on a quarterly basis, any subsequent declaration of dividends, including the amount, the record dates and the payment dates for any such future dividend payments, is subject to the discretion of the Board of Directors.

Allied Digestive Health and Provation Sign Agreement for Enhanced Patient Care

Retrieved on: 
Thursday, January 18, 2024
Technology, Surgery, Medical Devices, Hospitals, Health Technology, Software, Managed Care, Health, Data Management, Patient, ASC, FTV, Life, OBS, Documentation, Software as a service, ADH, Nursing, Fortive, GI, Digestate, Physician

For ADH, the mission to deliver top-tier patient care while running operations efficiently is a top priority.

Key Points: 
  • For ADH, the mission to deliver top-tier patient care while running operations efficiently is a top priority.
  • ADH's decision to incorporate both Provation Apex Procedure Documentation and Patient Charting solutions demonstrates leadership in the clinical care space.
  • With Provation Apex, physicians and nurses have the power to document patient visits and procedures seamlessly, on any internet-enabled device.
  • ADH and Provation have a shared vision of the future of GI patient care through enhanced workflow automation and procedure documentation.

BillingPlatform Secures $90 Million Growth Equity Investment from FTV Capital

Retrieved on: 
Wednesday, January 24, 2024
DIRECTV, The Cooper Companies, CCC, Piper, FTV, CFO, Partnership, Panera Bread, Stifel, Radar, Software, Forrester Research, Investment, Carrier, J. P. Morgan, DLA Piper, Research, Kirkland & Ellis, Growth

DENVER, Jan. 24, 2024 /PRNewswire/ -- BillingPlatform, the enterprise revenue lifecycle management platform for today's innovative business models, today announced a $90 million growth equity investment from FTV Capital, a sector-focused growth equity investor with more than 25 years of experience in enterprise technology and services, financial services, and payments and transaction processing. The investment will fuel BillingPlatform's continued expansion in a $10 billion market that is growing more than 10% per year as enterprises increasingly turn to the company's comprehensive portfolio of solutions for the Office of the CFO that enable new revenue streams and go-to-market strategies, reduce revenue leakage and improve customer satisfaction.

Key Points: 
  • FTV Capital's investment comes as BillingPlatform recorded significant growth, customer wins, and industry analyst and award recognition last year.
  • FTV Capital brings a flexible funding approach and makes equity investments that align with the objectives of company management teams to accelerate growth and expansion.
  • With this funding, FTV Capital joins Columbia Capital as institutional investors with minority investments in BillingPlatform.
  • We're excited to embark on the next chapter of this journey in partnership with BillingPlatform and FTV," added Jason Booma, partner at Columbia Capital.

Accruent Acquisition of RedEye to Accelerate Strategy with Next-Generation Engineering Document Management System

Retrieved on: 
Tuesday, January 16, 2024
GIS, Privacy, FTV, API, Software as a service, RedEye, Fortive, Mining, Workplace, QR, Acquisition, Metadata, EDMS, Engineering, Online shopping

Austin, TX, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Accruent, the leading provider of workplace and asset management solutions and Fortive company (NYSE: FTV), announced today that it has acquired RedEye, an Australia-based engineering document management company specializing in cloud-native solutions.

Key Points: 
  • Austin, TX, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Accruent, the leading provider of workplace and asset management solutions and Fortive company (NYSE: FTV), announced today that it has acquired RedEye, an Australia-based engineering document management company specializing in cloud-native solutions.
  • This acquisition reflects Accruent’s ongoing commitment to providing differentiated, cloud-enabled solutions to drive business productivity.
  • RedEye's addition to Accruent's engineering document management system (EDMS) portfolio, which includes Meridian, provides customers with expanded options for storing and accessing their documents.
  • Overall, RedEye’s industry-focused, cloud-native solution, coupled with its strong customer satisfaction, aligns with our investment strategy and long-term objectives."

Fortive Announces Completion of EA Elektro-Automatik Acquisition

Retrieved on: 
Wednesday, January 3, 2024
Technology, EV, Electric Vehicles, Other Energy, Utilities, Alternative Vehicles, Fuels, Automotive, Batteries, Alternative Energy, Energy, Vehicle Technology, Environment, Other Technology, Hardware, Green Technology, Acquisition, Tektronix, Hydrogen, FTV

Fortive Corporation (“Fortive”) (NYSE: FTV) today announced that it has completed its acquisition of EA Elektro-Automatik (EA) Holding GmbH, enhancing Fortive’s position in electronic test & measurement solutions within its Precision Technologies segment .

Key Points: 
  • Fortive Corporation (“Fortive”) (NYSE: FTV) today announced that it has completed its acquisition of EA Elektro-Automatik (EA) Holding GmbH, enhancing Fortive’s position in electronic test & measurement solutions within its Precision Technologies segment .
  • EA specializes in high-power electronic test solutions for energy storage, mobility, hydrogen, and renewable energy applications.
  • EA products will bolster Fortive operating company Tektronix’s innovative portfolio of products and services for engineers with complementary test & measurement solutions enabling the global energy transition.
  • James A. Lico, President and Chief Executive Officer of Fortive, stated: “We are pleased to welcome the EA team to Fortive.

Fortive Schedules Fourth Quarter and Full Year 2023 Earnings Conference Call

Retrieved on: 
Thursday, December 21, 2023
Data Management, Technology, Professional Services, Other Technology, Apps, Applications, Software, Other Professional Services, Networks, Internet, Mobile, Wireless, Finance, Webcast, Fortive, FTV

Fortive Corporation (“Fortive”) (NYSE: FTV) today announced that it will webcast its earnings conference call for the fourth quarter and full year 2023 on Wednesday, January 31, 2024 beginning at 12:00 p.m.

Key Points: 
  • Fortive Corporation (“Fortive”) (NYSE: FTV) today announced that it will webcast its earnings conference call for the fourth quarter and full year 2023 on Wednesday, January 31, 2024 beginning at 12:00 p.m.
  • The call and an accompanying slide presentation will be webcast on the "Investors" section of Fortive’s website, www.fortive.com , under "Events/Presentations."
  • ET and notifying the operator that you are dialing in for Fortive’s earnings conference call (access code 6922572).
  • This quiet period will be in place until fiscal fourth quarter 2023 earnings are released on January 31, 2024.