RoperI’mthinking we would be an excellent fit for Roper. Note in addition to their Transcore markets,they are also into RF security, RF meter reading, hospitals…In addition, they have the agricultural clients they could sell ouranimal tracking technology to.
Roper
We Keep It Nimble
Roper’s ability to transform outstanding execution into profitabilityreflects an enterprise that values agility and flexibility. Though sales havemore than tripled in the past 5 years, we remain a highly entrepreneurial andlean organization that stays close to its end markets and customers. Ourbusinesses, which are organized into market-focused segments, share a set ofcommon governance processes and performance metrics that include break-evenanalysis, working capital efficiency and cash return on investment. Mostimportant, Roper businesses and their leaders share a culture with an embeddeddesire to drive growth.
Industrial Technology
Major applications within the Industrial Technology segment include watermeter and automatic meter reading (AMR) products and systems for waterutilities; pumps for irrigation, agriculture and wastewater applications; andinstruments and consumables for material analysis and characterization. Ourwater-market businesses are bolstered by replacement or upgrades to installedwater meters and growing demand for AMR solutions.
RF Technologies
Roper entered this market with the 2004 acquisition of TransCore, a leaderin radio frequency technology for electronic traffic and tolling solutions andthe largest freight matching subscription service in North America.The RF segment expanded in 2008 with the acquisitions of CBORD and Horizon,both of which provide integrated card and security software for food servicesolutions to educational and healthcare campuses, and Technolog, which providesadvanced metering, data collection and communication technology for utilitycustomers.
Energy Systems & Controls
Roper’s energy-related businesses focus on aftermarket customer needs toimprove productivity, safety, quality and reliability. These businessesprimarily provide systems to improve productivity in processing andtransporting energy, systems and consumables for power plant safety andinspections, instrumentation for quality and regulatory testing and safetysensors for rotating and reciprocating equipment.
Scientific & Industrial Imaging
Our imaging segment is focused primarily on research and medical markets. Weprovide patient positioning devices for medical imaging and urology andconsumables for ultrasound applications. Products within this segment alsoinclude filters, cameras and accessories for electron microscopy andspectroscopy applications, as well as rugged computing devices for utilitymetering and mobile applications.
Roper Industries Acquires Inovonics
Acquisition Expands Roper’s RF Applications for Security Markets
Duluth, Georgia, February 28, 2005 … Roper Industries, Inc. (NYSE: ROP)today announced that it acquired Inovonics Wireless Corporation, of Louisville,Colorado, the leading provider of 900 MHz radio frequency (RF) products forsecurity applications. Total consideration was approximately $45 million.
Inovonics’ products, which use a proprietary frequency-agile technology toprovide superior range and reliability, are also used for water sub-meteringand remote temperature monitoring applications. The business has annual salesof approximately $30 million with high EBITDA margins that are consistent withRoper’s businesses.
“We are pleased to welcome the Inovonics team toRoper’s growing family of RF solutions,” said Mr. Jellison. “We see excitingopportunities for our RF technologies, including security markets where Roperhas a growing presence. This transaction also complements the automatic meterreading technologies offered by Neptune for water markets. We look forward to working withthe Inovonics team to expand their market and technology opportunities.”