ROP - Roper Technologies acquired Syntellis Performance Solutions

2023-08-08 08:55:45 ET

• Roper Technologies Inc ( NASDAQ: ROP ) on Tuesday said it has completed the acquisition of Syntellis Performance Solutions for a net purchase price of $1.25B, including a $135M tax benefit resulting from the transaction.
• The combined business will retain the Strata Decision Technology name and be led by Strata’s CEO, John Martino.
• The transaction closed on August 7 and Roper funded the acquisition using its cash on hand and revolving credit facility.
• Syntellis is expected to contribute about $185 million of revenue and $85 million of EBITDA in 2024, including planned cost synergies.
• ROP -2.97% premarket to $478.06.
• Source: Press Release

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