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September 3, 2020
Everett company Fortive announced its intention to separate Vontier through a spin-off of 80.1% of the outstanding shares of Vontier common stock to Fortive shareholders. When completed, the transaction will result in two independent, publicly traded companies: Fortive, an industrial growth company providing products, software, and services in field solutions, product realization, sensing and health; and Vontier, a global industrial technology company delivering market solutions to advance efficiency, safety, security, and environmental compliance for its customers in mobility infrastructure end-markets. The spin-off is expected to be completed in the fourth quarter of 2020, subject to obtaining final approval from the Fortive Board of Directors and market, regulatory and other customary conditions.