Massachusetts software supplier acquired for $243M
A Georgia company has acquired Franklin-based Dynisco LLC for $243 million, a global supplier of software and sensors with emerging applications in the life sciences industry.
Duluth,GA-based Roper Industries Inc. provides engineered products and solutions for markets such as water, energy, radio frequency, and research/medical applications. Annual revenues are in excess of $1.5 billion, and it is a component of the S&P MidCap 400 and the Russell 1000 Indexes.
Dynisco has facilities in the US, Germany, as well as a new site in Malaysia. Its brands are Alpha Technologies and Viatran, and it specializes in software and highly engineered test, measurement, and control technologies. Dynisco has an installed base of more than 3 million sensors and 14,000 analytical instruments.
The firm will become a part of Roper's Energy Systems & Controls segment, and will work closely with other segments on sensor technology development and applications. Dynisco president Larry Klumpp and his management team will continue to lead the business.
Despite the acquisition, Roper expects to report net earnings per share in line with previous guidance. The company's anticipated earnings per share are 57 cents to 61 cents per share for the fourth quarter, and $2.11 to $2.15 per share for the full year. For 2007, the acquisition will be immediately accretive to both earnings and cash flow.
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