Roper, the seller, wants to focus on its software business.
Singapore Technologies Engineering is marking its largest acquisition to date with the US$2.68 billion ($3.64 billion) all-cash offer for a group of entities now owned by US-listed Roper Technologies focused on transport management systems.
The target entities, TransCore Partners and TLP Holdings (collectively TransCore) is described by ST Engineering as a market leader in electronic toll road systems. The acquisition will help speed up ST Engineering’s ambition to be a so-called smart mobility market leader.
