Roper Technologies Inc. announced June 1 that it was selling a majority stake in its remaining industrial businesses for $2.6 billion to private equity firm Clayton, Dubilier & Rice.
The deal includes the entire process technologies division, which makes pumps, compressors, and controls, plus some of Roper’s measurement and material analysis units. Roper will retain a 49% stake in the new entity, a position it intends to sell down over time. The transaction is the capstone in a multidecade strategy to refocus Roper on higher-margin and faster-growing software businesses less sensitive to economic cycles. Examples include business management software for law firms and software used to create visual effects for the movie industry.
Diese Geschichte stammt aus der June 13, 2022-Ausgabe von Bloomberg Businessweek.
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