RALEIGH – As of Friday, Raleigh is home to the corporate headquarters of Vontier Corporation which has completed its spinoff from parent firm Fortive.

Vontier is also a public company, training on the New York Stock Exchange under the symbol “VNT.”

“Today marks a major milestone for Vontier in our journey of mobilizing the future to create a better world,” said Mark Morelli, President and Chief Executive Officer of Vontier, in the announcement.

“We are privileged to claim the Danaher and Fortive heritage with a proven track record of substantial and strategic portfolio transformation. The Vontier Business System will be the foundation of organic initiatives to enhance our growth profile, continue to expand already strong margins, and generate robust free cash flow. We believe in this established playbook for long-term value creation for all stakeholders.”

The spinoff of Vontier was announced earlier this year.

Previous Vontier headlines

New transportation company Vontier is planning 100 jobs for its HQ in Raleigh

New firm focusing on transportation with 8,400 employees to be based in Raleigh