Brief: Roper Technologies Says To Sell Transcore For $2.68 Billion

Singapore Technologies Engineering

03/10/2021 05:11

Oct 3 (Reuters) - Roper Technologies Inc  ROP.N :
    * PRESS RELEASE - ROPER TECHNOLOGIES TO SELL TRANSCORE FOR
$2.68
BILLION
    * ROPER TECHNOLOGIES INC - TRANSCORE IS EXPECTED TO GENERATE
APPROXIMATELY $545 MILLION OF REVENUE AND $135 MILLION OF EBITDA
IN 2021
    * ROPER TECHNOLOGIES INC - DEFINITIVE AGREEMENT TO DIVEST
ITS
TRANSCORE BUSINESS TO SINGAPORE TECHNOLOGIES ENGINEERING LTD FOR
$2.68 BILLION IN CASH
    * ROPER TECHNOLOGIES INC - ROPER WILL RETAIN ITS DAT AND
LOADLINK
NETWORK SOFTWARE BUSINESSES, WHICH IT ACQUIRED TOGETHER WITH
TRANSCORE IN 2004
    * ROPER TECHNOLOGIES INC - ROPER RETAINED EVERCORE AND BOFA
SECURITIES AS FINANCIAL ADVISORS IN CONNECTION WITH THIS
TRANSACTION
    * ROPER TECHNOLOGIES INC - ROPER EXPECTS TO ACCOUNT FOR
RESULTS OF
TRANSCORE AS DISCONTINUED OPERATIONS WHEN IT REPORTS ITS Q3 2021
FINANCIAL RESULTS
    * ROPER TECHNOLOGIES INC - EXPECTS THIS TRANSACTION TO CLOSE
IN Q1
OF 2022, SUBJECT TO CUSTOMARY CLOSING CONDITIONS, INCLUDING
REGULATORY APPROVALS

Source text for Eikon:  ID:nGNX3VKKYR 
Further company coverage:  ROP.N 

 ((Reuters.Briefs@thomsonreuters.com;))