Don't miss MaximoWorld 2024, the premier conference on AI for asset management!

Experience the future of asset management with cutting-edge AI at MaximoWorld 2024.

Sign Up

Please use your business email address if applicable

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
Keep reading...Show less
ChatGPT with
Find Your Answers Fast