On September 4, 2024, Fortive Corporation announced its intention to separate its Precision Technologies business into a new, independent publicly listed company, Ralliant Corporation. This transaction is planned as a tax-free spin-off for Fortive shareholders.
The strategic separation aims to streamline operations and accelerate business growth for both entities, thereby unlocking value for shareholders. Ralliant will gain the ability to allocate capital and resources more efficiently, focusing on its specific needs such as research and development for advanced instrumentation and targeted acquisitions within its niche markets.
This move positions Ralliant to operate with greater strategic focus on its precision instruments and engineered products. The spin-off is expected to enable Ralliant to pursue its growth vectors independently, optimizing its capital deployment for long-term success.
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