Roper Technologies Divests Zetec Business For $350M Cash

August 10, 2021 4:39 PM | 21 seconds read |

Roper Technologies Inc 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.