Intelex Announces Definitive Agreement To Be Acquired By Industrial Scientific

Industrial Scientific, the world leader in connected brain detection technologies and a wholly owned subsidiary of Fortive Corporation (NYSE: FTV), is pleased to announce that it has signed and entered into a final agreement to acquire Intelex Technologies in Toronto, Canada. Intelex was founded in 1992 by Andrew Jaine and Ted Grunau. Its web and mobile applications have been designed to simplify environmental, safety and quality management by optimizing business performance, enabling compliance with legislation and optimizing initiatives developed by the International Standards Organization. In June 2016, Intelex acquired Denver-based Ecocion, a Denver-based provider of environmental management information systems. TORONTO, 6. June 2019 /PRNewswire/ – Intelex Technologies, a global leader in SaaS-based environmental, health, safety and quality management (EHSQ) software, today announced that it has reached a final agreement to acquire Industrial Scientific, the world leader in network sensor technology and online security and a wholly owned subsidiary of Fortive Corporation (NYSE.) Intelex is acquired by JMI Equity and HarbourVest for approximately $570 million. RELATED: Kai Innovations Acquired by Well Health for $10.75 million As a global leader in network security, Industrial Scientific provides gas detection products, services and software to ensure the safety of workers in hazardous environments. To date, the company supports 3,000 iNet® customers and monitors 400,000 devices on 15,000 sites. Founded in 1985, Industrial Scientific is headquartered in Pittsburgh, Pennsylvania, and employs more than 1,200 global employees in 21 countries dedicated to preserving human life and eliminating death in the workplace by 2050.

Industrial Scientific is also the parent company of Predictive Solutions Corporation (www.predictivesolutions.com) and Intelex Technologies (www.intelex.com). For more information, see www.indsci.com. For more details on the agreement, see the press release. A large stone was thrown into the EHSQ pond after the announcement of a final agreement to acquire Canadian company Intelex Technologies for approximately US$570 million. Intelex Technologies, a Toronto-based company with an environment, health, safety and quality company (EHSQ), has been acquired for $570 million by Industrial Scientific, a connected sensor technology company that develops software for worker safety, for $570 million. Fortive is a diversified company for the growth of industrial technology, consisting of the Professional Instrumentation and Industrial Technologies divisions, which are recognized leaders in attractive markets. Fortive`s well-known brands are leaders in field solutions, product development, sensor technologies, transportation technologies and franchise distribution. Fortive is headquartered in Everett, Washington and employs a team of more than 25,000 people in research and development, manufacturing, distribution, distribution, service and administration in more than 50 countries around the world.