(Reuters) – Industrial technology company Roper Technologies said on Thursday it will buy cloud-based software firm Procare Solutions for $1.75 billion from private equity firms Warburg Pincus and TA Associates.
The purchase price includes a tax benefit of $110 million and has a total enterprise value of $1.86 billion, the companies said.
Procare is expected to contribute about $260 million of revenue for the twelve months ending March 31, 2025, Roper said, adding that it expects to use its revolving credit facility to fund the transaction.
(Reporting by Akash Sriram in Bengaluru; Editing by Shounak Dasgupta)
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