Beverly Hills 12/9/2009 3:24:22 AM
News / Business

Roper Industries Completes Verathon Acquisition

Finance World News Update by EQUITIES Magazine

Roper Industries Inc announced today that it had completed the buyout of Verathon Inc.

 

The producer of water products markets announced this November that it would buy medical device maker Verathon as well as traffic software and hardware maker, United Toll Services, for a combined $356 million.

 

Roper said both acquisitions will bring more than $140 million in revenue and at least $38 million in earnings prior to interest, taxes, depreciation and amortization in 2010.

 

Roper stocks fell 79 cents to $52.78 in afternoon trading.

 

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