Fortive Corporation acquires Intelex Technologies, Pruftechnik, and Censis Technologies (2019 acquisitions)
Snapshot
Fortive Corporation acquired Intelex Technologies, Pruftechnik, and Censis Technologies (2019 acquisitions) for total consideration of $1.2 billion in cash, net of cash acquired (four businesses combined) in January 2019. The transaction was structured as all cash. Intelex Technologies, Pruftechnik, and Censis Technologies (2019 acquisitions) is a Toronto, Canada (Intelex); Germany (Pruftechnik); Franklin, Tennessee (Censis)-based Intelligent Operating Solutions / Advanced Healthcare Solutions business.
- Acquirer
- Fortive Corporation
- Target
- Intelex Technologies, Pruftechnik, and Censis Technologies (2019 acquisitions)
- Value
- total consideration of $1.2 billion in cash, net of cash acquired (four businesses combined)
- Date
- January 2019
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
Fortive Corporation acquired Intelex Technologies, Pruftechnik, and Censis Technologies (2019 acquisitions) for total consideration of $1.2 billion in cash, net of cash acquired (four businesses combined), a transaction completed in January 2019, structured as all cash.
Intelex Technologies, Pruftechnik, and Censis Technologies (2019 acquisitions) operates in Intelligent Operating Solutions / Advanced Healthcare Solutions, is based in Toronto, Canada (Intelex); Germany (Pruftechnik); Franklin, Tennessee (Censis). During 2019 Fortive acquired four businesses including Intelex Technologies (EHS and quality management software), Pruftechnik (condition monitoring and alignment instruments), and Censis Technologies (surgical instrument tracking software), for total consideration of $1.2 billion in cash net of acquired cash. Intelex and Pruftechnik complement the Professional Instrumentation / Intelligent Operating Solutions segment; Censis sits within Advanced Healthcare Solutions.
Tuck-ins that extend Fortive's software and instrumentation franchises across EHS, condition monitoring, and healthcare workflow.
Recurring-revenue software and specialized instrumentation in growth verticals. Intelligent Operating Solutions and Advanced Healthcare Solutions
No advisory firms have been disclosed for this transaction.