M&A
confidence high
sentiment neutral
materiality 0.80
Roper Technologies sells TransCore to ST Engineering for $2.68B cash
ROPER TECHNOLOGIES INC
- Roper sells TransCore to ST Engineering Urban Solutions USA for $2.68B in cash, subject to customary adjustments.
- Transaction subject to CFIUS authorization, HSR clearance, and buyer parent stockholder approval; no financing condition.
- Roper agrees to three-year non-compete with TransCore; termination fee of $120M if deal fails due to CFIUS denial.
- Buyer funds purchase via internal cash and debt issuance; closing expected by October 1, 2022.