Lakewood Ranch tech conglomerate makes $1.6B acquisition

Lakewood Ranch-based Roper Technologies has entered into an agreement to acquire Transact Campus, a campus technology company, for a net purchase price of $1.5 billion with a $100 million tax benefit resulting from the transaction.

Transact Campus is expected to contribute about $325 million in revenue in 2025, according to a statement from Roper Technologies, which says the company anticipates Transact will deliver high single-digit organic revenue growth over the long term.

Roper Technologies, a software and technology company that posted $6.18 billion in revenue in 2023, deployed $2.1 billion of its capital last year toward acquisitions.