Roper technologies to sell majority stake in its industrial businesses to cd&r

Sarasota, fla., june 01, 2022 (globe newswire) -- roper technologies, inc. (nyse: rop) today announced that it has agreed to sell a majority stake in its industrial businesses, including its entire process technologies segment and the industrial businesses within its measurement & analytical solutions segment, to affiliates of clayton, dubilier & rice, llc (“cd&r”). roper will receive total upfront, pre-tax cash proceeds of approximately $2.6 billion while retaining a 49% minority interest in a new standalone entity. the transaction includes the following businesses: alpha, amot, ccc, cornell, dynisco, fti, hansen, hardy, logitech, metrix, pac, roper pump, struers, technolog, uson, and viatran. collectively, these businesses generated approximately $940 million of revenue and $260 million of ebitda in 2021.
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