Fortive to acquire servicechannel for approximately $1.2 billion and provides preliminary financial information for the second quarter 2021

Everett, wash.--(business wire)--fortive corporation ("fortive") (nyse: ftv) announced today that it has entered into a definitive agreement with bayard capital and accel partners to acquire servicechannel, a leading global provider of saas-based multi-site facilities maintenance service solutions with an integrated service-provider network. the acquisition will be subject to customary closing conditions, including regulatory approvals, and will be financed primarily with available cash. fortiv
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