DULUTH, Ga.-Roper Industries Inc. said it signed a definitive agreement to acquire TransCore Holdings Inc. from an investor group led by KRG Capital Partners L.L.C.
The transaction is valued at about $600 million.
TransCore provides radio-frequency identification technology, satellite-based communication, mobile asset tracking, security applications and comprehensive toll system and processing services. Following the purchase, the company will function as a standalone operation and market its products under its current brand names. In addition, TransCore’s senior management team will remain with the company.
The acquisition is expected to close by the end of this year.
