Vontier Completes $1.1 Billion Follow-On Offering

Industrial

Vontier follow-on offering


Summary

Vontier Corporation (“Vontier” or the “Company”) (NYSE: VNT) recently completed a follow-on offering of 33,507,410 shares of its common stock, representing all of the shares of Vontier common stock currently owned by Fortive Corporation (“Fortive”), Vontier’s former parent company, at a price of $33.50 per share, generating gross proceeds of $1.1 billion. Fortive exchanged all of the shares of Vontier common stock sold in the offering for indebtedness of Fortive.

Baird served as a passive bookrunner on this offering.

About

Vontier is a global industrial technology company focused on transportation and mobility solutions. The Company’s portfolio of trusted brands includes market-leading expertise in mobility technologies, retail and commercial fueling, fleet management, telematics, vehicle diagnostics and repair, and smart cities end-markets. Vontier’s innovative products, services, and software advance efficiency, safety, security, and environmental compliance worldwide. Vontier is headquartered in Raleigh, North Carolina.
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Industrial

Vontier follow-on offering

Date
January 2021
Company
Vontier Corporation
Transaction
Equity Capital Markets
Sectors
Industrial
Verticals
Distribution
Industrial Safety & Security
Test, Measurement & Automation
Testing, Inspection, Certification & Compliance ("TICC")
Vehicle Supply
Target Location
North America

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