Technology company unloads business for $2.68 billion

The move is expected to close in the first quarter of next year.

  • By Business Observer Staff
  • | 12:15 p.m. November 1, 2021
  • | 0 Free Articles Remaining!
Courtesy. Roper President and CEO Neil Hunn expects the move to amplify Roper’s ability to deploy capital toward acquisition opportunities.
Courtesy. Roper President and CEO Neil Hunn expects the move to amplify Roper’s ability to deploy capital toward acquisition opportunities.
  • Manatee-Sarasota
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LAKEWOOD RANCH — A local technology company recently made the decision to divest one of its businesses for $2.68 billion — in cash. 

Singapore Technologies Engineering Ltd. is expected to take over TransCore from Roper Technologies Inc. early next year, according to a statement. Lakewood Ranch-based Roper made the announcement in late October. 

 

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