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New Deal


Announced

Fortive brings environmental, health & safety, and quality management software capability to Industrial Scientific.

Financials

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Transaction Value£448m
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

software solutions

Software

Pending

Private

Canada

Acquisition

Single Bidder

Synopsis

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Industrial Scientific, a global leader in connected sensing technology and a wholly-owned subsidiary of Fortive (FTV), has acquired Intelex Technologies for approximately $570m from JMI Equity. The acquisition is subject to customary closing conditions, including regulatory approvals. Intelex is a recognized leader in the environmental, health & safety, and quality (EHSQ) management space and focuses on improving business performance for its customers. "We are building the company that our customers need-one capable of improving safety and productivity in the field while also being the system of record for EHSQ data. We are excited by the opportunity to expand our connected safety capabilities into the global EHSQ software space and beyond." Justin McElhattan, Industrial Scientific President.

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