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However, they have not been associated with Mac since Matco Tools was formed in 1979. Former corporate owner Danaher spun off several subsidiaries, including Matco, in 2016 to create Fortive. [4] Fortive, in turn, spun off Matco and other brands as Vontier in 2020. [5]
Vontier Corporation is an industrial manufacturing company headquartered in Raleigh, North Carolina. It owns the brands Gilbarco Veeder-Root , Matco Tools and Teletrac Navman, including subsidiaries Hennessy Industries, Gasboy, and Global Traffic Technologies (GTT).
Danaher spun off several subsidiaries, including Gilbarco Veeder-Root, in 2016 to create Fortive. [11] In 2018, Gilbarco Veeder-Root announced acquisition of Midco Limited, an Indian fuel dispenser manufacturer based out of Mumbai. Midco has a production unit in Vatva, Gujarat with installed capacity of 50,000 nozzle pumps per annum.
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Vontier Corporation (VNT) delivered earnings and revenue surprises of -1.15% and 3.01%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
Fortive Corporation is an American industrial technology conglomerate company headquartered in Everett, Washington.The company specializes in providing essential technologies for connected workflow solutions; designing, developing, manufacturing and distributing professional and engineered products, software and services. [1]
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