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Sarasota tech company Roper to sell subsidiary for $350M

August 13, 2021 - Sarasota-based Roper Technologies (NYSE: ROP), which designs software, will sell its subsidiary Zetec to Quebec-based Eddyfi/NDT in a $350 million deal, the company announced Tuesday. The deal will be all-cash and is expected to close by the end of the year. “Eddyfi/NDT is an ideal home for Zetec, and the combination of these businesses will be a great fit for Zetec’s talented employees and loyal customers,” Neil Hunn, Roper’s President and CEO, said in a statement. “We are thankful to everyone at Zetec for their many years of contributions to Roper and wish them continued success with their innovative work in nondestructive testing."

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