News Formal

ST Engineering to buy Roper's TransCore business for US$2.68 billion cash

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

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

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

"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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Roper Technologies to sell its TransCore business for US$2.68 billion cashRoper Technologies Inc said on Sunday it has agreed to sell its TransCore business to Singapore Technologies Engineering Ltd for US$2.68 billion in cash. (Reporting by Aakriti Bhalla in Bengaluru; Editing by William Mallard)
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »