Intelex Announces Definitive Agreement To Be Acquired By Industrial Scientific

Fortive is a diversified company for the growth of industrial technology, consisting of the Professional Instrumentation and Industrial Technologies divisions, which are recognized leaders in attractive markets. Fortive`s well-known brands are leaders in field solutions, product development, sensor technologies, transportation technologies and franchise distribution. Fortive is headquartered in Everett, Washington and employs a team of more than 25,000 people in research and development, manufacturing, distribution, distribution, service and administration in more than 50 countries around the world. With a culture rooted in continuous improvement, the heart of our business is the Fortive Business System. For more information, see: www.fortive.com. Industrial Scientific`s acquisition of Intelex by Industrial Scientific is the largest in the history of EHSQ pureplay and one of the five largest Canadian technology companies to have withdrawn in the past decade. The acquisition of a $26 billion market capitalization in the Fortive portfolio of companies confirms a strategic phase of evolution and growth in the EHSQ market and provides Intelex customers with access to a powerful IIoT industrial ecosystem. According to industry researchers, the EHSQ software market is now only 25- to 30% per cent peregrine. However, the long-term global growth potential of this market increases exponentially through the total digitization of EHSQ by assets, laptops and connected employees. Intelex and its customers will have the opportunity to accelerate the automation of EHSQ programs in network and smart through Industrial Scientific`s global know-how and networks, as well as Fortive`s famous industrial brands, which occupy leading positions in their specific fields. Industrial Scientific, the world leader in connected brain detection technologies and a wholly owned subsidiary of Fortive Corporation (NYSE: FTV), is pleased to announce that it has signed and entered into a final agreement to acquire Intelex Technologies in Toronto, Canada.