Roper Technologies to Sell TransCore Unit for $2.68 Billion
04 Outubro 2021 - 7:26AM
Dow Jones News
By Colin Kellaher
Roper Technologies Inc. said it agreed to sell TransCore, its
traffic-management and tolling systems unit, to Singapore
Technologies Engineering Ltd. for $2.68 billion in cash.
Roper, a Sarasota, Fla., diversified technology company, said it
will retain its DAT and Loadlink network software businesses, which
it acquired along with TransCore in 2004.
Roper said TransCore is expected to generate about $545 million
of revenue and $135 million of earning before interest, taxes,
depreciation and amortization this year.
The company said it expects to complete the sale in the first
quarter of 2022, adding that it plans to account for TransCore as
discontinued operations when it reports its third-quarter 2021
results.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 04, 2021 06:11 ET (10:11 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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