July 31, 2018 / 11:39 AM / 4 months ago

Fortive to buy software maker Accruent for $2 bln

July 31 (Reuters) - Industrial products maker Fortive Corp said on Tuesday it would acquire software maker Accruent from Genstar Capital for about $2 billion in cash.

Fortive said it expected Accruent to generate about $270 million of revenue in 2018. The deal is expected to close in the third quarter. (Reporting by Arjun Panchadar in Bengaluru; Editing by Anil D’Silva)

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