Fortive completed its acquisition of Accruent from Genstar Capital for $2bn.

Fortive, a diversified industrial conglomerate company, completed its acquisition of Accruent, a privately-held, provider of physical resource management software, from Genstar Capital for $2bn. “We are excited to acquire a premium software asset of scale with strong upsell and cross-sell capabilities across the resource management ecosystem. The complementary strengths of Accruent, Gordian and Fluke Digital Systems will create an industry-leading IOT portfolio consisting of connected devices, software enabled workflows, and data analytics.” James A. Lico, Fortive President and Chief Executive Officer.