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Roper Strengthens Campus Solutions Offering with $1.5B Transact Buyout: Details
Roper Technologies, Inc. (NASDAQ:ROP) has agreed to acquire Transact Campus, Inc. for a net purchase price of $1.5 billion, which includes a $100 million tax benefit from the transaction.
The net purchase price is about 14 times the projected 2025 EBITDA, the company said on Thursday.
Transact provides campus technology and payment solutions and offers services like campus ID software, tuition payment processing, and point-of-sale systems.
The company will merge with Roper’s CBORD business, which provides similar solutions to healthcare, education, and K-12 institutions.
The transaction is