Fortive to spin off test unit in US$25bil break-up

The company said it’s separating the gauging unit into a publicly traded company. The remaining business will comprise Fortive’s industrial software and healthcare operations. — Reuters

BOSTON: Fortive Corp, the US$25bil conglomerate, plans to spin off its industrial test and measurement business to concentrate on software and healthcare.

The company announced on Wednesday that it’s separating the gauging unit into a publicly traded company.