Roper Technologies to acquire Transact Campus
Roper Technologies (Nasdaq: ROP) has announced its acquisition of Transact Campus for a net purchase price of $1.5 billion, including a $100 million tax benefit. The deal represents approximately 14 times Transact's expected 2025 EBITDA. Transact, a provider of campus technology and payment solutions, will be combined with Roper's CBORD business, which offers similar services to healthcare facilities and educational institutions.
The merged entity will utilize both Transact and CBORD brand names, led by Transact's CEO Nancy Langer, with CBORD's CEO Dan Park serving as COO. Roper expects Transact to contribute approximately $325 million in revenue and $105 million in EBITDA in 2025, with long-term high single-digit organic revenue growth anticipated. The acquisition aligns with Roper's strategy of acquiring businesses with mission-critical solutions and strong customer retention.
Roper Technologies (Nasdaq: ROP) ha annunciato l'acquisizione di Transact Campus per un prezzo d'acquisto netto di 1,5 miliardi di dollari, inclusi un beneficio fiscale di 100 milioni di dollari. L'accordo rappresenta circa 14 volte l'EBITDA previsto per il 2025 di Transact. Transact, fornitore di soluzioni tecnologiche per campus e pagamenti, sarà unita all'attività CBORD di Roper, che offre servizi simili a strutture sanitarie e istituzioni educative.
L'entità fusa utilizzerà entrambi i marchi, Transact e CBORD, sotto la guida del CEO di Transact, Nancy Langer, con Dan Park, CEO di CBORD, che fungerà da COO. Roper si aspetta che Transact contribuisca con circa 325 milioni di dollari di entrate e 105 milioni di dollari di EBITDA nel 2025, con una prevista crescita organica delle entrate a una cifra alta nel lungo termine. L'acquisizione è in linea con la strategia di Roper di acquisire aziende con soluzioni critiche per la missione e un forte tasso di fidelizzazione dei clienti.
Roper Technologies (Nasdaq: ROP) ha anunciado la adquisición de Transact Campus por un precio neto de compra de 1.5 mil millones de dólares, incluyendo un beneficio fiscal de 100 millones de dólares. El acuerdo representa aproximadamente 14 veces el EBITDA esperado de Transact para 2025. Transact, proveedor de soluciones tecnológicas para campus y de pagos, se combinará con el negocio CBORD de Roper, que ofrece servicios similares a instalaciones de salud e instituciones educativas.
La entidad fusionada utilizará ambos nombres de marca, Transact y CBORD, liderada por la CEO de Transact, Nancy Langer, con Dan Park, CEO de CBORD, actuando como COO. Roper espera que Transact contribuya con aproximadamente 325 millones de dólares en ingresos y 105 millones de dólares en EBITDA en 2025, con un crecimiento orgánico de ingresos a largo plazo en un dígito alto anticipado. La adquisición se alinea con la estrategia de Roper de adquirir negocios con soluciones críticas y una fuerte retención de clientes.
로퍼 테크놀로지스(Nasdaq: ROP)는 15억 달러의 순 매입 가격으로 트랜잭트 캠퍼스를 인수한다고 발표했습니다. 여기에는 1억 달러의 세금 혜택이 포함됩니다. 이 거래는 트랜잭트가 예상하는 2025년 EBITDA의 약 14배에 해당합니다. 캠퍼스 기술 및 결제 솔루션 제공업체인 트랜잭트는 로퍼의 CBORD 사업과 결합되며, CBORD는 의료 시설 및 교육 기관에 유사한 서비스를 제공합니다.
합병된 기관은 트랜잭트와 CBORD 브랜드 이름을 모두 사용할 것이며, 트랜잭트의 CEO인 낸시 랭거가 이끌고, CBORD의 CEO인 댄 박이 COO로 활동합니다. 로퍼는 트랜잭트가 2025년에 약 3억 2천5백만 달러의 수익 및 1억 5백만 달러의 EBITDA에 기여할 것으로 예상하며, 장기적으로 높은 한 자릿수의 유기적 수익 성장이 예상됩니다. 이 인수는 로퍼의 미션 중요 솔루션과 강력한 고객 유지율을 가진 비즈니스 인수 전략과 일치합니다.
Roper Technologies (Nasdaq: ROP) a annoncé son acquisition de Transact Campus pour un prix d'achat net de 1,5 milliard de dollars, comprenant un avantage fiscal de 100 millions de dollars. Cet accord représente environ 14 fois l'EBITDA prévu de Transact pour 2025. Transact, fournisseur de solutions technologiques et de paiement pour les campus, sera combiné avec l'activité CBORD de Roper, qui offre des services similaires aux établissements de santé et aux institutions éducatives.
L'entité fusionnée utilisera les deux marques, Transact et CBORD, sous la direction de la CEO de Transact, Nancy Langer, tandis que Dan Park, CEO de CBORD, sera COO. Roper s'attend à ce que Transact contribue à environ 325 millions de dollars de revenus et 105 millions de dollars d'EBITDA en 2025, avec une croissance organique à un chiffre élevé prévue à long terme. L'acquisition s'aligne sur la stratégie de Roper d'acquérir des entreprises avec des solutions critiques pour la mission et un fort taux de fidélisation des clients.
Roper Technologies (Nasdaq: ROP) hat die Übernahme von Transact Campus zu einem Nettokaufpreis von 1,5 Milliarden Dollar angekündigt, einschließlich eines Steuervorteils von 100 Millionen Dollar. Der Deal entspricht etwa dem 14-fachen des erwarteten EBITDA von Transact im Jahr 2025. Transact, ein Anbieter von Campus-Technologie und Zahlungslösungen, wird mit dem CBORD-Geschäft von Roper kombiniert, das ähnliche Dienstleistungen für Gesundheitseinrichtungen und Bildungseinrichtungen anbietet.
Die fusionierte Einheit wird sowohl die Marken Transact als auch CBORD nutzen, geleitet von der CEO von Transact, Nancy Langer, während Dan Park, CEO von CBORD, als COO fungieren wird. Roper erwartet, dass Transact im Jahr 2025 etwa 325 Millionen Dollar Umsatz und 105 Millionen Dollar EBITDA beitragen wird, mit einem erwarteten organischen Umsatzwachstum im hohen einstelligen Bereich auf lange Sicht. Die Übernahme entspricht der Strategie von Roper, Unternehmen mit geschäftskritischen Lösungen und hoher Kundenbindung zu erwerben.
- Acquisition of Transact Campus for $1.5 billion, expanding Roper's presence in campus technology solutions
- Expected contribution of $325 million in revenue and $105 million in EBITDA from Transact in 2025
- Anticipated long-term high single-digit organic revenue growth from Transact
- Synergies expected from combining Transact with Roper's CBORD business
- $100 million tax benefit resulting from the transaction
- Significant capital outlay of $1.5 billion for the acquisition
- Integration challenges may arise from combining Transact and CBORD operations
Insights
Roper Technologies' acquisition of Transact Campus for
The deal's structure, including a
Investors should note the immediate accretive nature of this acquisition, funded by cash and credit facilities, which speaks to Roper's strong balance sheet and smart capital allocation strategy. This move aligns with Roper's track record of acquiring high-margin, cash-generative businesses, potentially driving long-term shareholder value.
The merger of Transact Campus with Roper's CBORD business creates a powerhouse in campus technology solutions. This consolidation is likely to yield significant technological synergies, particularly in areas like campus ID software, secure access systems and payment processing platforms.
The combined entity will benefit from expanded R&D capabilities, potentially accelerating innovation in critical areas such as:
- Advanced biometric access systems
- Blockchain-based secure payment solutions
- AI-driven campus resource optimization
The retention of both brand names suggests a strategy to maintain customer loyalty while cross-pollinating technologies. This approach could lead to a more comprehensive, integrated suite of solutions, giving the combined entity a significant competitive edge in the education technology market.
The leadership structure, with Transact's CEO at the helm, indicates a focus on leveraging Transact's innovative edge while benefiting from CBORD's established market presence.
This acquisition positions Roper Technologies as a dominant player in the education technology market, which is experiencing rapid growth driven by digital transformation in educational institutions. The timing is strategic, capitalizing on the increasing demand for integrated campus management and payment solutions.
The merger addresses key market trends:
- Rising need for seamless, contactless campus experiences
- Growing importance of data-driven decision making in education management
- Increasing focus on campus security and access control
By combining Transact's innovative solutions with CBORD's established customer base, Roper is poised to capture a larger market share and potentially expand into new verticals like corporate campuses and healthcare facilities. This diversification could provide resilience against economic fluctuations affecting any single sector.
The projected high single-digit organic revenue growth aligns with or exceeds market expectations, suggesting potential for above-average returns in this sector.
To be combined with Roper’s CBORD business
SARASOTA, Fla., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (Nasdaq: ROP) today announced that it has entered into a definitive agreement to acquire Transact Campus, Inc. (“Transact”) for a net purchase price of
“Transact is an excellent business that meets all of our acquisition criteria, including mission critical solutions, strong customer retention, and excellent cash conversion,” said Neil Hunn, Roper Technologies’ President and CEO. “This is yet another example of Roper’s disciplined and process-driven acquisition approach.”
The combined business will utilize both the Transact and CBORD brand names and be led by Transact’s CEO, Nancy Langer, with CBORD’s CEO, Dan Park, serving as Chief Operating Officer.
“Bringing together Transact and CBORD and leveraging each business’s unique core competencies will expand and accelerate the innovation they will bring to their customers,” said Mr. Hunn. “The work Nancy and her leadership team have undertaken is very impressive, and we are excited to welcome them to the Roper family.”
Acquisition financing and financial outlook
The transaction is scheduled to close in the immediate future and Roper will fund the acquisition using its cash on hand and revolving credit facility.
Transact is expected to contribute approximately
About Roper Technologies
Roper Technologies is a constituent of the Nasdaq 100, S&P 500, and Fortune 1000. Roper has a proven, long-term track record of compounding cash flow and shareholder value. The Company operates market leading businesses that design and develop vertical software and technology enabled products for a variety of defensible niche markets. Roper utilizes a disciplined, analytical, and process-driven approach to redeploy its excess capital toward high-quality acquisitions. Additional information about Roper is available on the Company’s website at www.ropertech.com.
About CBORD
CBORD is a leading provider of food and nutrition service management software, integrated security solutions, campus card and cashless systems, and commerce platforms for healthcare, senior living, higher education, and business campuses. With over 10,000 organizations using CBORD solutions globally, CBORD is committed to delivering innovative and comprehensive technology solutions that enhance the daily lives of patients, residents, students, staff and administrators.
About Transact Campus
Transact Campus is a leader in innovative payment, campus ID, and commerce solutions for a connected campus. Transact’s highly configurable, mobile-centric campus technology ecosystem simplifies the user experience across the full spectrum of campus life. Transact’s offerings include integrated solutions for tuition and other student expense payments, multi-purpose campus IDs, and campus commerce. With a long-standing reputation in the education community, Transact proudly serves over 12 million users across more than 1,940 client institutions, has provisioned over 1.9 million mobile credentials, and has enabled hundreds of millions of contactless mobile wallet transactions and purchases.
Contact information:
Investor Relations
941-556-2601
investor-relations@ropertech.com
The information provided in this press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements may include, among others, statements regarding operating results, the success of our internal operating plans, and the prospects for newly acquired businesses to be integrated and contribute to future growth, profit and cash flow expectations. Forward-looking statements may be indicated by words or phrases such as "anticipate," "estimate," "plans," "expects," "projects," "should," "will," "believes," "intends" and similar words and phrases. These statements reflect management's current beliefs and are not guarantees of future performance. They involve risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statement. Such risks and uncertainties include our ability to identify and complete acquisitions consistent with our business strategies, integrate acquisitions that have been completed, realize expected benefits and synergies from, and manage other risks associated with, acquired businesses, including obtaining any required regulatory approvals with respect thereto. We also face other general risks, including our ability to realize cost savings from our operating initiatives, general economic conditions and the conditions of the specific markets in which we operate, including risks related to labor shortages and rising interest rates, changes in foreign exchange rates, difficulties associated with exports, risks associated with our international operations, cybersecurity and data privacy risks, including litigation resulting therefrom, risks related to political instability, armed hostilities, incidents of terrorism, public health crises (such as the COVID-19 pandemic) or natural disasters, increased product liability and insurance costs, increased warranty exposure, future competition, changes in the supply of, or price for, parts and components, including as a result of the current inflationary environment and ongoing supply chain constraints, environmental compliance costs and liabilities, risks and cost associated with litigation, potential write-offs of our substantial intangible assets, and risks associated with obtaining governmental approvals and maintaining regulatory compliance for new and existing products. Important risks may be discussed in current and subsequent filings with the SEC. You should not place undue reliance on any forward-looking statements. These statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
FAQ
What is the acquisition price for Transact Campus by Roper Technologies (ROP)?
How much revenue and EBITDA is Transact expected to contribute to Roper Technologies (ROP) in 2025?
Who will lead the combined Transact and CBORD business after Roper Technologies (ROP) acquisition?
What is the expected long-term organic revenue growth for Transact after being acquired by Roper Technologies (ROP)?
