Fortive spinning off Tektronix

[chicken]

Looks like Tektronix will be sent on the HP -> Agilent -> Keysight journey:
https://investors.fortive.com/news-events/press-releases/detail/242/fortive-announces-strategic-plans-for-separation-into-two-independent-public-companies

Fortive Announces Strategic Plans for Separation Into Two Independent Public Companies
Separation Will Create Two Scaled Companies with Focused Business Models: Fortive to Focus on Resilient, High-Quality Recurring Growth Portfolio and the New Company Comprised of the Precision Technologies Businesses (“NewCo”) to Focus on Powerful Secular Growth Trends

Their "Precision Technologies" division includes Tektronix among a few lesser known brands:
https://fortive.com/work#precision-technologies

Interestingly, Fluke is part of "Intelligent Operating Solutions", so it looks like they stay with the parent company. Unless there's some more fine-grained portfolio shuffling...
https://fortive.com/work#intelligent-operating-solutions

[temperance]

I rewrote the text because it was boring.

We strive for carbon neutrality and give back to the earth. Hence the earth connection on all our equipment which we painted blue into which we sink competitor crushing advantages is causing a paradigm shift in our industry, a true zenith in evolution all that combined with disruptive cutting-edge technologies offering unprecedented potential for extraordinary exponential growth able to set new standards in  achieving the unimaginable while we reshape the world of tomorrow into a pile of dust brighter than ever before.



 

[coppercone2]

It sounds like a black ops division. Secular meaning they don't stop the experiments when they find demonic runes on Mars.


I think the Vatican should investigate before they open a demonic warp gate.

[Smokey]

I'm a whole company behind... I thought they were still directly part of the evil Danaher Corp.

[chicken]

Oh, so we're already at the Agilent stage

[44kgk1lkf6u]

What happened to Keithley?  I don't see it on the list.

[chicken]

Looks like they are now "a Tektronix company"
https://www.tek.com/en/products/keithley

[floobydust]

They buy legendary brand names and then milk the cow until it's dead. No feeding the cow, that lowers profit lol. This is what conglomerates do. It's all so tiresome.
Fortive sucks ass, R&D and new product rollout is pretty much nothing compared to before acquisitions. They are about fintech, catering to investors and all that death to innovation that results.
If I have to see another re-hash of the Fluke 87 with price increase it's comedy now but the end of LTC will force a move there.

Tektronix requires a lot of R&D spending to compete, it's long-term not a Boeing kind of rush. Of course no conglomerate wants to spend that money. It takes years to build up such a business and sorry, the cow is dead... spinning off a dead cow?

[chicken]

floobydust go it! From the press release:

Commitment to Value-Enhancing Capital Deployment

Between now and the completion of the spin-off transaction, Fortive expects to utilize approximately 75% of its available free cash flow to fund incremental share repurchases. The remainder of free cash flow is expected to fund Fortive’s quarterly dividend payments and reduce debt obligations.

[ArdWar]

It is PR blurbs for *investors*, not consumers. It even say so in the url. You know very well "value" is stock value, "growth" is market cap or whatever metric is used for valuation these days. It's all money, they don't care about those nerdy technical stuff.

[moerm]

One of the reasons, actually the main one, why I prefer instruments from the 80ies, 90ies, or early 2000s, because back then tech companies still had some "tech" and R&D in them. Nowadays most of them are only about "shareholder value" and similar "get rich and then even more rich" BS.

"Fintech" and similar are simply a social cancer.

[David Hess]

Will Fortive bundle a pile of debt onto Tektronix before it is sold?

[tv84]

From what I've read above, Tek will be/is dead shortly.

[tooki]

OK, I had to look up what “secular” means in economics, and it means long-term, non-cyclical.

In that case, splitting Tek off as a separate company that operates with long-term planning, I’m all for it. I think more companies need to move away from short-term profit windows.

[BeBuLamar]

So Tek will sell DMM and Fluke will revamp it's scope offering beyond there Scopemeter line?

[wasedadoc]

So Tek will sell DMM and Fluke will revamp it's scope offering beyond there Scopemeter line?

So Tek will sell DMM and Fluke will revamp its scope offering beyond their Scopemeter line?

[BeBuLamar]

So Tek will sell DMM and Fluke will revamp it's scope offering beyond there Scopemeter line?

So Tek will sell DMM and Fluke will revamp its scope offering beyond their Scopemeter line?

Well Tek did sell DMM and they had a couple of good model and when they belonged to the same parent company those meters became the Fluke 183 and 185. Tek also stopped making portable scope.