Deals
Roper Weighs Process Tech Unit Sale at $3 Billion Value
- Company working with adviser on possible divestiture
- Unit makes products ranging from pumps and compressors
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Roper Technologies Inc. is considering selling its process technology division, which could fetch as much as $3 billion, according to people familiar with the matter.
The industrial conglomerate is working with a financial adviser to explore strategic options for the unit, said the people, who asked not to be identified because they weren’t authorized to speak publicly. Roper is open to selling the division whole or in pieces, the people said. No final decision has been made and Roper could opt to keep the unit, they said.