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Home > News > Roper Industries exploits niche markets by buying like-minded technology firms

October 12th, 2007

Roper Industries exploits niche markets by buying like-minded technology firms

Abstract:
After an initial public stock offering in 1992, Roper went on a disciplined buying spree that persists today.

The company bought Molecular Imaging, one of Arizona State University's most successful spinoffs, in 1996, but sold it to a management team in 2002. The Tempe maker of atomic microscopes used for nanotechnology research was sold to biomedical giant Agilent Technologies Inc. in 2005 for an undisclosed sum.

Over the past five years, Roper has completed dozens of acquisitions that now account for more than half of its revenue. The deals established the company in such global growth markets as water, radio frequency and research and medical devices.

Source:
azcentral.com

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