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Industrial Scientific, a Fortive subsidiary and connected sensing company, has agreed to acquire Intelex Technologies, a Toronto-based EHSQ software provider, from JMI Equity and HarbourVest for approximately $570 million USD.
Fortive agreed to combine four operating companies from its Automation & Specialty platform with Altra Industrial Motion in a Reverse Morris Trust deal worth about $3.0 billion in total consideration, creating a power transmission and motion control leader.