Vontier completes DRB Systems acquisition; expects $170M revenue, ~$0.04-$0.05 accretive EPS in 2021

Vontier Corp

Completed acquisition of DRB Systems, LLC, effective September 13, 2021; DRB to operate as standalone within Mobility Technologies.
DRB expected 2021 revenue ~$170M with mid-20% operating margins and high-single digit long-term growth rate.
Transaction expected to be immediately cash accretive; contributes ~$0.04-$0.05 adjusted EPS in 2021.

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