Changes coming for Tektronix’s new parent company

Group that acquired Tektronix plans to split; Portland firm to be owned by Fortive Corp.

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Group that acquired Tektronix plans to split, and the Portland firm will be owned by a company called Fortive Corp.

Danaher will be the other division of the company that originally bought Tektronix in 2007.

In addition to Tek, Fortive’s portfolio will include Fluke, Qualitrol, Tektronix, Gilbarco Veeder-Root, Kollmorgen and Matco Tools. Those companies have a combined 20,000 employees and had $6.3 billion in revenue last year, according to Danaher.

Fortive’s headquarters will be in Everett, Washington, where Fluke is headquartered. As previously announced, longtime Danaher vice president Jim Lico – who briefly ran Tektronix after its sale – will be Fortive’s chief executive.

Fortive said its name comes the Latin “fort,” for strong. It announced a business plan similar to Danaher’s, seeking to acquire companies and impose financial discipline.


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