Roper Technologies to buy software firm Procare for $1.75 bln
Technology
Roper Technologies to buy software firm Procare for $1.75 bln
(Reuters) - Industrial technology company Roper Technologies (ROP.O) said on Thursday it will buy cloud-based software firm Procare Solutions for $1.75 billion from private equity firms Warburg Pincus and TA Associates.
The purchase price includes a tax benefit of $110 million and has a total enterprise value of $1.86 billion, the companies said.
Procare is expected to contribute about $260 million of revenue for the twelve months ending March 31, 2025, Roper said, adding that it expects to use its revolving credit facility to fund the transaction.
