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Instead, Fortive chose to spin the business off to shareholders in October 2020 without first having the IPO. [ 38 ] [ 39 ] Upon separation, Vontier replaced Noble Energy as a member of the S&P 500 .
Vontier Corporation is an industrial manufacturing company headquartered in Raleigh, ... In October 2020, Fortive completed the corporate spin-off of 80% of Vontier. [3]
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]
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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 ...
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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.
Vontier: Market capitalization change. [44] February 12, 2021: MPWR: Monolithic Power Systems: FTI: TechnipFMC: TechnipFMC was removed from the S&P 500 in anticipation of its announced spin-off of Technip Energies. [45] January 21, 2021: TRMB: Trimble: CXO: Concho Resources: S&P 500/100 constituent ConocoPhillips acquired Concho Resources. [46 ...