December 6, 2021

Volume XI, Number 340

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December 03, 2021

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Upcoming/New CFIUS Filing: Singapore Technologies Engineering and TransCore business of Roper Technologies

Status:  Upcoming/New Filing


Acquirer:  Singapore Technologies Engineering Ltd. (Singapore)

Acquired:  TransCore business of Roper Technologies, Inc. (U.S.)

Value:  $2.68 billion

Industry Tags:  Technology Services; Transportation


On October 3, 2021, Roper Technologies, Inc., a publicly traded (NYSE: ROP) diversified technology company, announced that it reached a definitive agreement to sell “its TransCore business to Singapore Technologies Engineering Ltd (“ST Engineering”), a global technology, defense, and engineering group, for $2.68 billion in cash.”  (Press Release, Roper Technologies to Sell TransCore for $2.68 Billion, Oct. 3, 2021.)  TransCore “develops and continually innovates traffic management and tolling systems across the globe.” (Id.)  The purchase agreement was entered on October 1, 2021, and is subject to the “authorization from the Committee on Foreign Investment in the United States (“CFIUS”) . . .” (Roper Technologies, Inc., Form 8-K, Oct. 4, 2021, SEC Filing.)

© Copyright 2021 Squire Patton Boggs (US) LLPNational Law Review, Volume XI, Number 291
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