# Vontier Corporation to acquire DRB Systems for approximately $970 million

Vontier Corporation entered into a definitive agreement to acquire DRB Systems from New Mountain Capital for approximately $970 million, payable in cash, expected to close in Q3 2021.

- Type: Acquisition
- Announced: 2021-07-18
- Where: United States
- Value: $970.0M
- Status: announced
- Products: car wash systems, point-of-sale systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [New Mountain Capital](https://endata.com/companies/11670.md) (partner)
- [Vontier](https://endata.com/companies/12180.md) (acquirer)
- [DRB Systems](https://endata.com/companies/56531.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/VONTIER-CORPORATION-112877934/news/Vontier-Corporation-entered-into-a-definitive-agreement-to-acquire-DRB-Systems-Inc-from-affiliates-35899726/), 2021-07-18: "The acquisition will be financed with available cash and proceeds from borrowings under Vontier’s credit facilities."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.