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Roper Technologies Divests Zetec Business For $350M Cash

Roper Technologies Inc (NYSE:ROP) has agreed to sell its Zetec business to Eddyfi/NDT in an all-cash transaction valued at ~$350 million.  Zetec generated…
byAkanksha
August 10, 2021
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  • Roper Technologies Inc (NYSE:ROP) has agreed to sell its Zetec business to Eddyfi/NDT in an all-cash transaction valued at ~$350 million. 
  • Zetec generated ~$64 million of revenue and $17 million of EBITDA over the last 12 months.
  • The transaction is expected to close at the end of this year.
  • Price Action: ROP shares closed lower by 1.23% at $479.40 on Tuesday.
 
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