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Roper Technologies considers selling process technology unit for $3B - Bloomberg

Oct. 22, 2021 4:32 PM ETRoper Technologies, Inc. (ROP)By: Liz Kiesche, SA News Editor3 Comments

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  • Roper Technologies (NYSE:ROP) is exploring the sale of its process technology division, a transaction that could bring in as much as $3B, Bloomberg reports, citing people familiar with the matter.
  • The industrial conglomerate has hired

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Comments (3)

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Allen Greathouse profile picture
This is actually big news. Selling off the processing business would focus Roper into a company that is >80% software. Should lead to a sector reclassification and addition to some highly tracked tech indices. Massive undervaluation here
Value Investment Club profile picture
@John Greathouse Very interesting and I would agree that if it were more than 80% software driven revenue, you would expect a stickier base, higher margins, and a higher multiple. Right now, it trades at 32x, that’s pretty high. How much more of a multiple do you think it should get? On the flip side, someone like AMETEK, which is a diversified industrial, has much less software driven revenue, I would bet you it’s less than 20% (maybe even less than 10% of it’s revenue) and it trades around a 30x multiple. Maybe AME is overvalued. Food for thought.
bluescorpion0 profile picture
@Value Investment Club company reminds me of the portfolio the private fund Toma Bravo has put together in software.
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