Roper Technologies to use revolver borrowings for PowerPlan purchase

By Sarah Lizee

Olympia, Wash., May 21 – Roper Technologies, Inc. plans to use borrowings under its revolving credit facility to help fund its acquisition of PowerPlan in an all-cash transaction valued at $1.1 billion, according to a press release.

Roper will also use cash on hand to fund the acquisition.

The transaction is expected to close in the second quarter, subject to regulatory approval and customary closing conditions.

Roper Technologies is a Sarasota, Fla.-based diversified technology company. PowerPlan is an Atlanta-based provider of software and solutions for asset-centric companies.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.