Roper Strengthens Campus Solutions Offering with $1.5B Transact Buyout: Details
Portfolio Pulse from Lekha Gupta
Roper Technologies, Inc. (NASDAQ:ROP) has agreed to acquire Transact Campus, Inc. for $1.5 billion. The acquisition will merge Transact with Roper's CBORD business, enhancing their campus technology and payment solutions. The deal is expected to close this quarter, funded through Roper's cash reserves and revolving credit facility. Transact is projected to generate $325 million in revenue and $105 million in EBITDA by 2025. ROP shares closed higher by 3.52% following the announcement.

August 16, 2024 | 1:13 pm
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POSITIVE IMPACT
Investors can gain exposure to Roper Technologies through the Invesco Water Resources ETF (PHO), which includes ROP in its portfolio.
The Invesco Water Resources ETF includes Roper Technologies in its portfolio, providing indirect exposure to the company's performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to Roper Technologies through the Invesco Global Water ETF (PIO), which includes ROP in its portfolio.
The Invesco Global Water ETF includes Roper Technologies in its portfolio, providing indirect exposure to the company's performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Roper Technologies is acquiring Transact Campus for $1.5 billion, merging it with its CBORD business to enhance campus technology solutions. The deal is expected to close this quarter and is projected to generate significant revenue and EBITDA by 2025.
The acquisition is a strategic move to enhance Roper's campus technology solutions, expected to generate significant revenue and EBITDA. The market reacted positively, with ROP shares closing higher by 3.52%.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100