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Roper Technologies

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Not to be confused with Roper (company).
Roper Technologies, Inc.
FormerlyRoper Industries, Inc.
Company typePublic
IndustryConglomerate
Founded1890; 134 years ago (1890)
HeadquartersSarasota, Florida, U.S.
Key people
ProductsIndustrial technology, radio frequency (RF) technology, scientific and industrial imaging, energy systems and controls, and instrumentation
RevenueIncrease US$6.18 billion (2023)
Increase US$1.75 billion (2023)
Decrease US$1.38 billion (2023)
Total assetsIncrease US$28.2 billion (2023)
Total equityIncrease US$17.4 billion (2023)
Number of employees
c. 16,800 (2023)
SubsidiariesDAT Solutions
Websitewww.ropertech.com
Footnotes / references
[1]

Roper Technologies, Inc. (formerly Roper Industries, Inc.)[2] is an American diversified industrial company based in Sarasota, Florida.

History

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George D. Roper founded the company in 1890, primarily as a manufacturer of home appliances, pumps, and other industrial products. He entered into part ownership in the Van Wie Gas Stove Company of Cleveland, Ohio. The Van Wie plant moved to Rockford Illinois and passed into trusteeship in the early 1890s. George D. Roper became sole owner of the Van Wie Gas Stove company after the company's debts were paid off on September 1, 1894. A fire completely destroyed the facilities ten days later. The factory was rebuilt and named the Eclipse Gas Stove Company, and later expanded to include the Trahern Pump Company, founded in 1857 and acquired in 1906.[3]

In 1957, George D. Roper sold its stove business to The Florence Stove Co. of Kankakee, Il. It would continue to operate under the name George D. Roper. This would leave the other products with the original company changing its name to Roper Pump Company.[4][3] In 1966, George D. Roper entered the outdoor lawn equipment acquiring David Bradley Manufacturing Works from Sears.[5]

In 1981 Roper Pump Co. reorganized to Roper Industries.[6]

In 1982, Roper moved its (originally Florence Stove Company) appliance production factory at 2207 W Station, Kankakee, IL to a LaFayette, Georgia plant. The Kankakee factory was razed in 2016.[7] In 1988, Electrolux purchased Roper's lawn and garden products division. Roper was added to Husqvarna and Poulan/Weedeater divisions forming the new brand American Yard Products.[8] In 1989, Whirlpool Corporation acquired the Roper brand.[9]

Roper initiated a corporate acquisition program, supported by an initial public offering, in 1992.[citation needed] Between 2001 and 2018, Brian Jellison, a former executive of General Electric and Ingersoll-Rand, served as chief executive officer.[10] On April 24, 2015, Roper Industries Inc. changed its corporate name to Roper Technologies, Inc.[11]

In August 2023, it was announced Roper Technologies had acquired the Chicago-headquartered cloud-based performance management and data solutions company, Syntellis Performance Solutions for $1.25 billion.[12]

Subsidiaries

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DAT Solutions offers freight load boards products. The underlying framework is the DAT Network, an electronic freight posting service, acquired in 2001 from the Jubitz Corporation. DAT Solutions began as Dial-A-Truck, a load board operated at the Jubitz Truck Stop in Portland, Oregon.

IPA (Innovative Product Achievements, LLC)[13] - IPA manufactures automated surgical scrub and linen dispensing equipment.

Manufacturing subsidiaries

  • Compressor Controls Corporation (CCC)
  • DAP Technologies
  • Neptune Technology Group, Inc
  • Roper Pump Co.
  • Princeton Instruments
  • Verathon, Inc.[14]

Software subsidiaries

References

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  1. ^ "2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 22, 2024.
  2. ^ "Roper Industries Announces Name Change to Roper Technologies". www.prnewswire.com. Retrieved 2016-01-18.
  3. ^ a b "van-wie-eclipse-roper - RockfordReminisce.com". Archived from the original on 2018-06-04.
  4. ^ "Geo. D. Roper Corporation name change to Roper Industries, 1957". 20 September 2016.
  5. ^ "TractorData.com - Roper lawn tractors sorted by model".
  6. ^ "Roper Industries, Inc. | Encyclopedia.com".
  7. ^ https://www.sj-r.com/story/news/2016/03/04/roper-stove-plant-in-kankakee/32440922007/ |title = Kankakee factory razed
  8. ^ "TractorData.com - AYP lawn tractors sorted by model;".
  9. ^ "Rival Pulls Out; GE Unopposed in Bid for Roper". Los Angeles Times. 2 April 1988.
  10. ^ Brian Jellison 1945-2018 Obituary|Retrieved 2019-06-05
  11. ^ "Roper Industries Announces Name Change to Roper Technologies | Roper Technologies | A Diversified Growth Company".
  12. ^ FinSMEs (2023-08-14). "Roper Technologies Acquires Syntellis Performance Solutions". FinSMEs. Retrieved 2023-08-14.
  13. ^ "IPA (Innovative Product Achievements, LLC) - Scrub & Linen Management Technology".
  14. ^ "Our Company". verathon.com. Retrieved 2020-06-12.
  15. ^ The CBORD Group Contact Page
  16. ^ ConstructConnect. "Executive Leadership Team | ConstructConnect". www.constructconnect.com. Retrieved 2022-04-13.
  17. ^ "Roper Technologies to Acquire ConstructConnect, Leading Provider of SaaS Solutions for the Commercial Construction Industry | Roper Technologies | A Diversified Growth Company". www.ropertech.com. Retrieved 2021-04-02.
  18. ^ Bach, James (December 6, 2016). "Herndon-based Deltek to be acquired for $2.8B". www.bizjournals.com. Retrieved 2023-09-20.
  19. ^ "Roper Technologies to Acquire Frontline Education". Roper Technologies Investor Relations. 2022-08-30.
  20. ^ Roper Industries to Buy Sunquest Information Systems for $1.4 Billion
  21. ^ "Roper to Acquire Insurance Software Firm Vertafore for $5.35 Billion". Insurance Journal. 2020-08-13. Retrieved 2020-08-14.
  22. ^ "Roper to buy Transact Campus for $1.5 bln to grow education business". Reuters. 15 August 2024. Retrieved 18 October 2024.
[edit]
  • Official website
  • Business data for Roper Technologies, Inc.:
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