Wired News – Roper Technologies to Acquire PowerPlan

Stock Monitor: Powell Industries Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 23, 2018 / If you want access to our free research report on Roper Technologies, Inc. (NYSE: ROP), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ROP as the Company’s latest news hit the wire. On May 21, 2018, the Company announced that it has inked a deal to acquire PowerPlan, a leading provider of software and solutions for asset-centric companies, in an all-cash transaction valued at $1.1 billion. PowerPlan is an investment of private equity firm Thoma Bravo. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Powell Industries, Inc. (NASDAQ: POWL), which also belongs to the Industrial Goods sector as the Company Roper Technologies. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=POWL

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Roper Technologies most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=ROP

Acquisition Details

Roper will fund the acquisition using its revolving credit facility and cash on hand and expects the acquisition to be immediately cash accretive.
During the first 12 months of ownership, Roper expects PowerPlan to deliver approximately $150 million of revenue and $60 million of after-tax free cash flow, excluding the impact of fair value accounting for PowerPlan’s deferred revenue and financing costs.
The transaction, expected to close in Q2 2018, is subject to regulatory approval and customary closing conditions.
PowerPlan will continue to manage the business from its Atlanta, Georgia headquarters.
PowerPlan’s name and brands are not expected to change as a result of the transaction.

PowerPlan Transaction Demonstrates Roper’s Disciplined Capital Deployment Strategy

Commenting on the acquisition, Brian Jellison, Chairman, President, and Chief Executive Officer of Roper, stated that the Company is excited to add another industry-leading, niche application software business to its family.

Brian added that the PowerPlan transaction demonstrates Roper’s disciplined capital deployment strategy, which results in the acquisition of high performing, niche businesses that grow and compound its cash flow.

Post announcement of the news, the shares of Roper surged in pre-market trade.

Roper’s Last Acquisition Deal

On December 28, 2016, the Company completed the acquisition of Deltek in an all cash transaction valued at $2.8 billion. The deal was previously announced on December 06, 2017. Roper funded the acquisition with proceeds from its notes offering, borrowings under its credit facility and cash on hand. The transaction was expected to be accretive to Roper’s 2017 cash flow. Including estimated financing costs, the acquisition was expected to add $80 million to Roper’s 2017 free cash flow. Deltek is the leading global provider of software and information solutions for project-based businesses serving niche markets, including government contractors and professional services firms.

About PowerPlan

Headquartered in Atlanta, Georgia, PowerPlan software provides financial insight into how complex rules and regulations impacts the organization, empowering to make credible decisions that improve overall corporate performance. The integrated solution provides complete visibility starting with forecasting and monitoring to scenario planning and analytics while maintaining financial compliance.

About Roper Technologies, Inc.

Founded in 1981 and headquartered in Sarasota, Florida, Roper Technologies is a diversified technology company with annual revenues of $4.6 billion. Roper operates businesses that design and develop software (both license and software-as-a-service) and engineered products and solutions for a variety of niche end markets.

Stock Performance Snapshot

May 22, 2018 – At Tuesday’s closing bell, Roper Technologies’ stock marginally declined 0.51%, ending the trading session at $279.78.

Volume traded for the day: 439.36 thousand shares.

Stock performance in the last month – up 0.97%; previous three-month period – up 0.48%; past twelve-month period – up 25.20%; and year-to-date – up 8.02%

After yesterday’s close, Roper Technologies’ market cap was at $28.84 billion.

Price to Earnings (P/E) ratio was at 35.88.

The stock has a dividend yield of 0.59%.

The stock is part of the Industrial Goods sector, categorized under the Diversified Machinery industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 500571