Fortive to buy software firm Gordian for $775M cash | Dump Trucks Charlotte NC

Fortive's businesses, which include professional instrumentation and industrial technologies, employ 26,000 people in 50 countries and reported 2017 revenues of $6.7 billion.
• The Gordian acquisition gives Fortive an entry into the $1.5 billion facilities maintenance and management software segment, part of the $20 billion overall construction software market. Gordian's products, according to Fortive, serve the building cycle end to end from construction to maintenance. Gordian's software also allows owners and columbus oh dump truck company to connect within the same exchange, where the columbus oh dump truck company provides cost and facilities data on a subscription basis.
• Fortive expects Gordian to generate $130 million this year and anticipates a 10% return on invested capital in fewer than five years. The deal is expected to close before the end of September and will add to the $5.3 billion in mergers and acquisitions the columbus oh dump truck company has completed since its formation two years ago, according to The Seattle Times.

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Fortive's other construction-related businesses include Fluke Corp., a provider of hardware and software for electrical and electronic equipment; gas-detection solutions columbus oh dump truck company Industrial Scientific and Venture Measurement, which provides flow meters, inventory management systems and weighing system for a wide variety of industries, including cement manufacturing.

FMI Capital Advisors reported in its 2018 M&A Trends for Engineering and Construction that the environment for mergers and acquisitions was healthy in 2017 and is expected to remain so in 2018. While the promise of a large program of infrastructure projects from the White House has been one of the drivers of construction industry mergers and acquisitions, companies are also being influenced by the opportunity to explore new delivery methods and regional markets, increase capacity and beef up their workforces in order to gain an edge over those struggling with the labor shortage.

Offsite design-build firm Katerra is also on the fast track when it comes to acquisitions and mergers in the construction and design industries. In June, during a two-week period, the columbus oh dump truck company acquired Portland, Oregon-based Michael Green Architecture and architecture firm Lord Aeck Sargent, which is headquartered in Atlanta. The two deals doubled Katerra's staff size and increased its license credentials to 31 states, British Columbia and Alberta, Canada.

Also last month, in a third deal, Katerra announced that it had merged with Indian manufacturing technology columbus oh dump truck company KEF Infra. The deal has reportedly already brought the newly formed entity, KEF Katerra, $3.7 billion in bookings. The columbus oh dump truck company will focus on projects like hospitals and schools and will combine their manufacturing technologies to do so.