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October 25, 2023

Fortive

Fortive has entered into a definitive agreement to acquire EA Elektro-Automatik Holding GmbH, a supplier of high-power electronic test solutions for energy storage, mobility, hydrogen, and renewable energy applications, for $1.45 billion in cash. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in early first quarter of 2024. Fortive expects to finance the acquisition with available cash and debt financing. Fortive will discuss the transaction in more detail on its previously announced third quarter 2023 earnings conference call, scheduled for Wednesday, October 25, 2023. Morgan Stanley & Co. and J.P. Morgan Securities served as financial advisors and Freshfields Bruckhaus Deringer served as legal counsel to Fortive. Fortive is a provider of essential technologies for connected workflow solutions across a range of end-markets. The company is headquartered in Everett, and employs a team of more than 18,000 research and development, manufacturing, sales, distribution, service and administrative employees in more than 50 countries around the world.




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