The company specializes in providing essential technologies for connected workflow solutions; designing, developing, manufacturing and distributing professional and engineered products, software and services.

[9] In October 2016, another subsidiary Gilbarco Veeder-Root which specializes in industrial sales software, purchased Global Transportation Technologies (GTT), a provider in traffic management.

Fortive subsidiary Gilbarco Veeder Root acquired Orpak Systems, which delivers technologies to oil companies and commercial fleets.

[17] Also in July 2018, Fortive announced it would buy construction software company Gordian for $775 million from private equity firm Warburg Pincus.

[21] In July 2019, Fluke acquired Germany based Pruftechnik, in precision laser shaft alignment, condition monitoring, and non-destructive testing,[22] to further their reliability business unit.

In June 2019 Industrial Scientific entered in a definitive agreement to buy Canadian based Intelex, a provider of SaaS-based Environmental, Health, Safety and Quality (EHSQ) management software.

[29] Later that month, Fortive entered into a definitive agreement with Bayard Capital and Accel Partners to acquire ServiceChannel, a leading global provider of SaaS-based multi-site facilities maintenance service solutions[buzzword] with an integrated service-provider network.

This acquisition expected to enhance Fortive’s revenue growth profile by approximately 50 basis points; anticipated to reach 10% ROIC target in 5 years.

ServiceChannel expands Fortive’s leading offering of Facility and Asset Lifecycle workflow solutions[buzzword], alongside Accruent and Gordian.

[30] It was announced in December Fortive entered into an agreement to buy healthcare software maker Provation from private equity firm Clearlake Capital Group.

[32][33] In October 2018, Fortive spun off their automation businesses, namely, Kollmorgen, Thomson, Portescap, Jacobs Vehicle Systems, and associated subsidiaries to Altra Industrial Motion[34] for an estimated $3 billion.

Specifically, the spin off would include Gilbarco Veeder Root, Matco Tools, Hennessey, GTT, Teletrac Navman, and associated subsidiaries.

[41] Historically, growth in Fortive's portfolio companies had primarily come from M&A activity and operational excellence under the vaunted Danaher Business System.