Roper Technologies Inc, a leading diversified technology company, has announced that it has reached a definitive agreement to sell its Zetec business to Eddyfi/NDT in an all-cash transaction valued at approximately $350 million.

Zetec has generated approximately $64 million of revenue and $17 million of EBITDA over the last 12 months. The company expects this transaction to close at the end of this year, subject to customary closing conditions, including regulatory approvals.

“Eddyfi/NDT is an ideal home for Zetec, and the combination of these businesses will be a great fit for Zetec’s talented employees and loyal customers,” said Neil Hunn, Roper’s president and CEO. “We are thankful to everyone at Zetec for their many years of contributions to Roper and wish them continued success with their innovative work in non-destructive testing.”

Zetec is a global leader in non-destructive testing (NDT) solutions for the critical inspection needs of industries the world counts on every day including power generation, oil and gas, aerospace, automotive, maritime, military, rail, and manufacturing.

For more than 50 years, Zetec has advanced NDT standards and science that protect customers’ most important assets and ensures the quality of their products, processes, and services.

For more information visit www.eddyfi.com

11th August 2021