MONEYSHOW - VNT: Profiting from Industrial Tech Growth, M&A
Oct 10, 2023
The industrial technology company Vontier Corp. (VNT) produced a total return of 51.2% during the tracked period.
VNT, formerly part of Fortive Corp., is a global industrial technology company focused on transportation and mobility solutions and operates primarily in three segments:
1) The Mobility Technologies segment offers digitally enabled equipment and solutions for the mobility ecosystem, including point-of-sale systems, fleet telematics, electric vehicle charging software, and alternative fuel dispensing solutions. VNT is the #1 integrated technology provider to the car wash industry in US with 17k sites.
2) The Repair Solutions segment includes the Matco business, which manufactures and distributes aftermarket vehicle repair tools and diagnostic equipment.
3) The Environmental & Fueling Solutions segment provides environmental and fueling hardware, software, and aftermarket solutions for fueling infrastructure worldwide.