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Fortive to Acquire Accruent for Approximately $2.0 Billion in Cash

  • Agreement to Acquire a Leading Provider of Facilities & Asset Management Software
  • Large Global Installed Base with Significant Recurring Revenue of ~70% in 2017
  • Further Advances Fortive’s Digital Strategy of Connected Devices & IOT, Software Enabled Workflow and Data Analytics
  • Strong Financial Profile Expected to be Accretive to Free Cash Flow and Earnings in 2019
  • Long Runway for Future M&A within the estimated $7 Billion Total Addressable Facilities & Asset Management Software Market
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