Fortive completed the acquisition of EA Elektro-Automatik for $1.45bn.

Fortive, an American industrial technology conglomerate company, completed the acquisition of EA Elektro-Automatik, a supplier of high-power electronic test solutions for energy storage, mobility, hydrogen, and renewable energy applications, for $1.45bn. "We are pleased to announce our agreement to acquire EA Elektro-Automatik to enhance our leading position in electronic test and measurement, helping to enable the global energy transition. This acquisition will further position Fortive in multi-decade, multi-industry, high growth markets, leveraging Tektronix’s global franchise and the power of the Fortive Business System to create unparalleled value for customers and shareholders," James A. Lico, Fortive President and CEO.