Vontier Explained

Vontier Corporation
Type:	Public company
Key People:	Karen Francis, Chairman Mark Morelli, President and CEO
Revenue:	$2.704 billion (2020)
Net Income:	$342 million (2020)
Assets:	$3.073 billion (2020)
Equity:	$187 million (2020)
Num Employees:	8,400 (2020)
Footnotes:	^[1]

Vontier Corporation is an industrial manufacturing company headquartered in Raleigh, North Carolina. It owns the brands Gilbarco Veeder-Root, Matco Tools and Teletrac Navman, including subsidiaries Hennessy Industries, Gasboy, and Global Traffic Technologies (GTT).^[2]

History

In October 2020, Fortive completed the corporate spin-off of 80% of Vontier.^[3] Fortive disposed of its remaining 20% ownership interest in January 2021.^[4]

Notes and References

1. Web site: Vontier Corporation 2020 Form 10-K Annual Report . U.S. Securities and Exchange Commission.
2. News: A public company plans HQ move to Raleigh. A small portion of its workers will follow. . ZACHERY . EANES . . February 21, 2020.
3. Fortive Completes Spin-off of Vontier . . October 9, 2020.
4. Vontier Announces Launch of Secondary Equity Offering of Remaining Shares of Common Stock Held by Fortive . . January 12, 2021.