Roper Industries Finalizes Acquisition of TransCore
HARRISBURG, Pa. TransCore Holdings Inc. today announces Roper Industries Inc. has finalized the acquisition of TransCore from the investor group led by KRG Capital Partners L.L.C. in a transaction valued at approximately $600 million. The acquisition of TransCore establishes an additional strategic growth platform for Roper.
As part of Roper, TransCore will continue to focus on delivering value propositions to its customers, such as the deployment and advancement of next-generation radio frequency identification (RFID) tags, multi-protocol readers and satellite communications products for tolling, traffic management, security and asset-tracking applications.
“We believe this combination of resources will ensure the continuation of our long history in research, innovation, and product development to serve customers and drive market expansion,” explained Worthington.
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