Roper Industries Finalizes Acquisition of TransCore

HARRISBURG, Pa. TransCore Holdings Inc. today announces Roper Industries Inc. has finalized the acquisition of TransCore from the investor group led by KRG Capital Partners L.L.C. in a transaction valued at approximately $600 million. The acquisition of TransCore establishes an additional strategic growth platform for Roper.
transcore.jpgHeadquartered in Harrisburg, Pa., TransCore will operate as a standalone segment within Roper and continue to market its products under its current brand names. TransCore’s current senior management team, under the leadership of President John Worthington, will continue to direct the business. By maintaining continuity of management and service personnel, customers will see no disruption in service with day-to-day contacts remaining the same.

As part of Roper, TransCore will continue to focus on delivering value propositions to its customers, such as the deployment and advancement of next-generation radio frequency identification (RFID) tags, multi-protocol readers and satellite communications products for tolling, traffic management, security and asset-tracking applications.

“We believe this combination of resources will ensure the continuation of our long history in research, innovation, and product development to serve customers and drive market expansion,” explained Worthington.
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