Company:Roper Technologies

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Short description: American diversified industrial company
Roper Technologies, Inc.
TypePublic company
  • NASDAQ: ROP
  • Nasdaq-100 component
  • S&P 500 component
IndustryConglomerate
Founded1890; 134 years ago (1890)
HeadquartersSarasota, Florida, U.S.
Key people
Neil Hunn (President and CEO)
ProductsIndustrial technology, radio frequency (RF) technology, scientific and industrial imaging, energy systems and controls, and instrumentation
Number of employees
18,400[1] (2021)
Websitewww.ropertech.com

Roper Technologies, Inc. (formerly Roper Industries, Inc.)[2] is an American diversified industrial company based in Sarasota, Florida that produces engineered products for global markets.

History

George D. Roper founded the company in 1890, primarily as a manufacturer of home appliances, pumps, and other industrial products. He entered into part ownership in the Van Wie Gas Stove Company of Cleveland, Ohio. The Van Wie plant moved to Rockford Illinois and passed into trusteeship in the early 1890s. George D. Roper became sole owner of the Van Wie Gas Stove company after the company's debts were paid off on September 1, 1894. A fire completely destroyed the facilities ten days later. The factory was rebuilt and named the Eclipse Gas Stove Company, and later expanded to include the Trahern Pump Company, founded in 1857 and acquired in 1906.[3]

In 1957 George D. Roper sold its stove business to The Florence Stove Co. of Kankakee, Il. It would continue to operate under the name George D. Roper. This would leave the other products with the original company changing its name to Roper Pump Company.[4][3] In 1966, George D. Roper entered the outdoor lawn equipment acquiring David Bradley Manufacturing Works from Sears.[5]

In 1981 Roper Pump Co. reorganized to Roper Industries.[6]

In 1982, Roper moved its (originally Florence Stove Company) appliance production factory at 2207 W Station, Kankakee, IL to a LaFayette, Georgia plant. The Kankakee factory was razed in 2016.[7] In 1988, Electrolux purchased Roper's lawn and garden products division. Roper was added to Husqvarna and Poulan/Weedeater divisions forming the new brand American Yard Products.[8] In 1989, Whirlpool Corporation acquired the Roper brand.[9]

Roper initiated a corporate acquisition program, supported by an initial public offering, in 1992.[citation needed] Between 2001 and 2018, Brian Jellison, a former executive of General Electric and Ingersoll-Rand, served as chief executive officer.[10] On April 24, 2015 Roper Industries Inc. changed its corporate name to Roper Technologies, Inc.[11]

In August 2023, it was announced Roper Technologies had acquired the Chicago -headquartered cloud-based performance management and data solutions company, Syntellis Performance Solutions for $1.25 billion.[12]

Subsidiaries

DAT Solutions offers freight load boards products. The underlying framework is the DAT Network, an electronic freight posting service, acquired in 2001 from the Jubitz Corporation. DAT Solutions began as Dial-A-Truck, a load board operated at the Jubitz Truck Stop in Portland, Oregon.

IPA (Innovative Product Achievements, LLC)[13] - IPA manufactures automated surgical scrub and linen dispensing equipment.

Manufacturing subsidiaries

  • Compressor Controls Corporation (CCC)
  • DAP Technologies
  • Neptune Technology Group, Inc
  • Roper Pump Co.
  • Princeton Instruments
  • Verathon, Inc.[14]

Software subsidiaries

References

  1. ↑ "Roper Technologies | 2021 Fortune 500". https://fortune.com/company/roper-technologies/fortune500/. 
  2. ↑ "Roper Industries Announces Name Change to Roper Technologies". http://www.prnewswire.com/news-releases/roper-industries-announces-name-change-to-roper-technologies-300071965.html. Retrieved 2016-01-18. 
  3. ↑ 3.0 3.1 "van-wie-eclipse-roper - RockfordReminisce.com". https://www.rockfordreminisce.com/van-wie-eclipse-roper/. 
  4. ↑ "Geo. D. Roper Corporation name change to Roper Industries, 1957". 20 September 2016. https://history.rockfordpubliclibrary.org/localhistory/?p=46802. 
  5. ↑ "TractorData.com - Roper lawn tractors sorted by model". https://www.tractordata.com/lawn-tractors/tractor-brands/roper/roper-lawn-tractors.html. 
  6. ↑ "Roper Industries, Inc. | Encyclopedia.com". https://www.encyclopedia.com/books/politics-and-business-magazines/roper-industries-inc. 
  7. ↑ https://www.sj-r.com/story/news/2016/03/04/roper-stove-plant-in-kankakee/32440922007/ |title = Kankakee factory razed
  8. ↑ "TractorData.com - AYP lawn tractors sorted by model;". https://www.tractordata.com/lawn-tractors/tractor-brands/ayp/ayp-lawn-tractors.html. 
  9. ↑ "Rival Pulls Out; GE Unopposed in Bid for Roper". 2 April 1988. https://www.latimes.com/archives/la-xpm-1988-04-02-fi-596-story.html. 
  10. ↑ Brian Jellison 1945-2018 Obituary|Retrieved 2019-06-05
  11. ↑ "Roper Industries Announces Name Change to Roper Technologies | Roper Technologies | A Diversified Growth Company". https://www.ropertech.com/roper-industries-announces-name-change-roper-technologies. 
  12. ↑ FinSMEs (2023-08-14). "Roper Technologies Acquires Syntellis Performance Solutions" (in en-US). https://www.finsmes.com/2023/08/roper-technologies-acquires-syntellis-performance-solutions.html. 
  13. ↑ "IPA (Innovative Product Achievements, LLC) - Scrub & Linen Management Technology". https://www.thinkipa.com/. 
  14. ↑ "Our Company" (in en-US). https://www.verathon.com/our-company/. 
  15. ↑ The CBORD Group Contact Page
  16. ↑ ConstructConnect. "Executive Leadership Team | ConstructConnect" (in en). https://www.constructconnect.com/executive-team. 
  17. ↑ "Roper Technologies to Acquire ConstructConnect, Leading Provider of SaaS Solutions for the Commercial Construction Industry | Roper Technologies | A Diversified Growth Company". https://www.ropertech.com/roper-technologies-acquire-constructconnect-leading-provider-saas-solutions-commercial-construction. 
  18. ↑ Bach, James (December 6, 2016). "Herndon-based Deltek to be acquired for $2.8B". https://www.bizjournals.com/washington/news/2016/12/06/herndon-based-deltek-to-be-acquired-for-2-8b.html. 
  19. ↑ "Roper Technologies to Acquire Frontline Education" (in en-US). 2022-08-30. https://investors.ropertech.com/investors/news-releases/news-details/2022/Roper-Technologies-to-Acquire-Frontline-Education/default.aspx. 
  20. ↑ Roper Industries to Buy Sunquest Information Systems for $1.4 Billion
  21. ↑ "Roper to Acquire Insurance Software Firm Vertafore for $5.35 Billion" (in en-US). 2020-08-13. https://www.insurancejournal.com/news/national/2020/08/13/578970.htm. 

External links



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