Roper Technologies Announces $1.65 Billion CentralReach Acquisition, Targets 20%+ Growth
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Acquisition Announcement: Roper Technologies, Inc. is acquiring CentralReach for approximately $1.65 billion, which includes a $200 million tax benefit; the deal aims to enhance Roper's Application Software segment with expected revenue growth of over 20% annually.
Financial Projections and Impact: CentralReach is projected to generate $175 million in revenue and $75 million in EBITDA by mid-2026, with the acquisition expected to close by April/May 2025, pending regulatory approval.
Analyst Views on PIO
Wall Street analysts forecast PIO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PIO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
