Fortive Corporation provides a range of technologies and solutions across multiple sectors. The company operates through three main segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. In Intelligent Operating Solutions, Fortive offers advanced instrumentation, software, and services to industries such as manufacturing, healthcare, and utilities. The Precision Technologies segment supplies precision instruments and engineered products to the automotive, aerospace, and clean energy industries. The Advanced Healthcare Solutions segment focuses on providing sterilization solutions and clinical productivity software for healthcare providers.
Fortive operates in diverse markets, including manufacturing, healthcare, utilities, automotive, aerospace, and clean energy. The company generates revenue through the design, development, manufacturing, and servicing of its professional products and software, which are essential for mission-critical workflows. Fortive's products are sold directly and through distributors, with a significant presence in Europe and Asia.
Fortive's primary customers include a mix of governmental and non-governmental entities, with the latter forming the bulk of its revenue base. The company's operational structure is organized into three strategic segments, each focusing on different market needs and product offerings. Key factors impacting Fortive's business performance include competition from both large corporations and specialized regional players, as well as its ability to manage a diverse supply chain for raw materials.