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Posted October 12, 2021

 

U.S.-based Roper Technologies Inc said on Sunday it has agreed to sell its TransCore business to Singapore Technologies Engineering Ltd for $2.68 billion.

ST Engineering, a technology, defense and engineering group, will buy TransCore in cash, Roper said in a statement.

“With the addition of TransCore, ST Engineering will be uniquely positioned as a sustainable Smart Mobility market leader, underpinned by our strengths in technology and innovation,” Vincent Chong, chief executive of ST Engineering said in the statement.


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