- Roper Technologies (NYSE:ROP) will acquire software company PowerPlan for $1.1B in cash. Deal is expected to close in Q2.
- PowerPlan provides enterprise solutions for taxes, regulations, and budgeting.
- PowerPlan was owned by private equity firm Thoma Bravo. In 2016, Roper bought Bravo’s business software company Daltek for $2.8B.
- Roper says the deal is immediately accretive to FCF and expects PowerPlan to generate about $150M in revenue and $60M in FCF within the first year of ownership.
Roper Tech acquires PowerPlan for $1.1B
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Symbol | Last Price | % Chg |
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Roper Technologies, Inc. |