Fortive Corporation acquires Accruent, LLC (Athena SuperHoldCo, Inc.)

Fortive Corporation acquired Accruent, LLC (Athena SuperHoldCo, Inc.) for approximately $2.0 billion net of acquired cash, a transaction completed in September 2018, structured as all cash.

Accruent, LLC (Athena SuperHoldCo, Inc.) operates in Industrial Technologies / software, is based in Austin, Texas. Accruent is a recognized leader in the facilities asset management software industry, combining deep domain and industry capabilities with an integrated, cloud-based framework that provides insights spanning the full lifecycle of real estate, facilities and assets. Acquired through purchase of all outstanding shares of Athena SuperHoldCo, Inc. from Genstar Capital.

Establishes a leading SaaS platform for facilities and asset lifecycle management within Fortive's software portfolio.

Cloud-based recurring-revenue SaaS leader in facilities and asset management. Industrial Technologies segment (later Intelligent Operating Solutions)

On September 6, 2018, we acquired Athena SuperHoldCo, Inc., including Accruent, LLC ('Accruent'), a privately-held, leading provider of facilities asset management software, for a total purchase price of approximately $2.0 billion net of acquired cash.Fortive FY19 10-K, Acquisitions note

Advisory firms were not disclosed for this transaction.

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