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Vontier Corporation is an ... Fortive completed the corporate spin-off of 80% of Vontier. [3] Fortive disposed of its remaining 20% ownership interest in January 2021
Their products and services are split into three strategic segments; Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. [2] As of December 2022, Fortive has over 18,000 employees in 60 countries worldwide. [3] Fortive was spun off from Danaher in July 2016. [4]
In June 2016, Danaher spun off several subsidiaries, including Matco and AMMCO-COATS, to create Fortive. [29] In September of the same year, the company announced it would acquire Cepheid for $4 billion (including debt). [30] In October 2016, Danaher Corporation acquired Phenomenex for $700 million to expand its life sciences space. [31]
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Vontier Corporation (VNT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Vontier Corporation (VNT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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.
The ratings are, however, constrained by the company's meaningful concentration in retail refueling markets, operated through GVR, and expected revenue volatility as the business transitions from ...