M&A Deal Summary

Roper Technologies Acquires Northern Digital

On May 10, 2011, Roper Technologies acquired test/measurement equipment company Northern Digital from Audax Private Equity

Acquisition Highlights
  • This is Roper Technologies’ 2nd transaction in the Test/Measurement Equipment sector.
  • This is Roper Technologies’ 1st transaction in Canada.
  • This is Roper Technologies’ 1st transaction in Ontario.

M&A Deal Summary

Date 2011-05-10
Target Northern Digital
Sector Test/Measurement Equipment
Buyer(s) Roper Technologies
Sellers(s) Audax Private Equity
Deal Type Add-on Acquisition

Target

Northern Digital

Waterloo, Ontario, Canada
Northern Digital, Inc. is a developer and manufacturer of optical and electromagnetic technology for image-guided surgical, industrial test and measurement, and research applications. With over 9,000 advanced measurement systems installed worldwide, products are used for computer-assisted surgery and therapy, industrial part development and quality control, and other applications such as clinical gait analysis and sports and biomechanics research. The company was founded in 1981 and is based in Waterloo, Canada.

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Buyer(S) 1

Buyer

Roper Technologies

Sarasota, Florida, United States

Category Company
Founded 1981
Sector Information Technology
Employees16,800
Revenue 6.2B USD (2023)
DESCRIPTION

Roper Technologies is a diversified technology company. Roper designs and develops software (both software-as-a-service and licensed), and engineered products and solutions for healthcare, transportation, food, energy, water, education and other niche markets worldwide. Roper Technologies was founded in 1981 and is based in Sarasota, Florida.


DEAL STATS #
Overall 13 of 37
Sector (Test/Measurement Equipment) 2 of 2
Type (Add-on Acquisition) 13 of 37
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-26 iTradeNetwork

Pleasanton, California, United States

iTradeNetwork is an on-demand solutions provider for the Foodservice and Retail industries. The company is focused on providing the most efficient solution for the entire supply chain from beginning to end. iTradeNetwork provides integrated solutions that fully manage demand forecast planning, promotional planning, buy/sell transactions from placement through transportation, delivery, and payment.

Buy $525M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-30 Sunquest Information Systems

Tucson, Arizona, United States

Sunquest Information Systems, Inc. is a provider of clinical and financial software solutions for the healthcare industry. The company designs, develops, and supports a comprehensive suite of information products for hospitals and commercial laboratories that include best-of-breed laboratory, radiology, and pharmacy software systems.

Buy $1.4B

Seller(S) 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 18 of 102
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 9 of 35
State (Ontario) 1 of 2
Country (Canada) 1 of 3
Year (2011) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-23 Quest Specialty Chemicals

Charleston, South Carolina, United States

Quest Specialty Chemicals, Inc.is a specialty chemicals and coatings. QSC is engaged in the formulation, manufacturing, and marketing of coatings designed to repair, restore, and preserve the assets of our customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-27 Elgin Power and Separation Solutions

Downers Grove, Illinois, United States

Elgin Power and Separation Solutions is a manufacturer of custom-engineered process equipment and replacement parts primarily for the coal processing, mining & minerals, and oil & gas industries. Elgin Power and Separation Solutions was established in 1864 and is based in Downers Grove, Illinois.

Buy -