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 ~$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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Posted-In: Briefs DivestituresM&A News Asset Sales
