Fortive to buy software maker Accruent for $2 billion

(Reuters) - Industrial products maker Fortive Corp said on Tuesday it would acquire software maker Accruent from Genstar Capital for about $2 billion in cash.

Fortive said it expected Accruent to generate about $270 million of revenue in 2018. The deal is expected to close in the third quarter.

(Reporting by Arjun Panchadar in Bengaluru; Editing by Anil D'Silva)