Roper Technologies to sell majority stake in industrial business to Clayton Dubilier & Rice for $2.6B

Roper Technologies agreed to sell a majority stake in its industrial business to private equity firm Clayton Dubilier & Rice for $2.6 billion, keeping a 49% stake in the business to be spun off as a standalone company. The announcement was made on June 1, 2022.

“Roper Technologies Inc said on Wednesday it would sell a majority stake in its industrial business to private equity firm Clayton Dubilier & Rice LLC for $2.6 billion as it seeks to focus on its software business.”reuters.com

• 1 source
• reuters.comRoper Technologies to sell majority stake in industrial business for $2.6 blnJun 1, 2022

Summarized from public sources; check the original articles before acting on it.