Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, October 15, 2021

Article Excerpt

ROPER TECHNOLOGIES INC., $467.09, symbol ROP on New York, develops software and engineered products through a number of businesses for a variety of specialized markets. The company is headquartered in Sarasota, Florida. On October 3, 2021, Roper announced that it would sell its TransCore unit for $2.68 billion in cash. Headquartered in Nashville, Tennessee, TransCore provides engineering solutions for safer travel on roads, bridges, tunnels and highways. The buyer is Singapore-based Singapore Technologies Engineering. The Asian company is buying TransCore to strengthen its Smart Mobility offerings. TransCore has annual sales of about $545 million. Roper acquired TransCore in 2004 for $600 million. At the time, TransCore had sales of roughly $365 million. The company will hang on to DAT and Loadlink, two software businesses it acquired at the same time it bought TransCore. Roper sold TransCore after 17 years so that it could better focus on businesses it sees as having higher profit margins and recurring revenue than project-oriented TransCore. In the second quarter ended…

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