Roper technologies to sell transcore for $2.68 billion

Sarasota, fla., oct. 03, 2021 (globe newswire) -- roper technologies, inc. (nyse: rop), a leading diversified technology company, today announced that it has reached a definitive agreement to divest its transcore business to singapore technologies engineering ltd (“st engineering”), a global technology, defense, and engineering group, for $2.68 billion in cash. transcore is expected to generate approximately $545 million of revenue and $135 million of ebitda in 2021. roper will retain its dat and loadlink network software businesses, which it acquired together with transcore in 2004.
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