B2B information. The technology-focused $6bn-revenue holding company Fortive Corporation (capitalised at $27bn on the NYSE) has entered into a definitive agreement with Warburg Pincus private equity to acquire Gordian, a privately-held, leading subscription-funded provider of construction cost data, software and service, for $775m in cash. The South Carolina-based company makes software that tracks the costs of construction projects and manages operations. No price was disclosed but Fortive says that ROCI will be 10% within 5 years.
