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Roper Industries

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Roper Industries Completes Acquisition of Northern Digital Inc.

Published: Friday, August 19, 2011 - 15:06

(Roper: Sarasota, FL) -- Roper Industries Inc., a diversified growth company, has announced that it has completed the previously announced acquisition of Northern Digital Inc., a leading provider of 3-D measurement technology for medical applications.

Headquartered in Waterloo, Ontario, Canada, Northern Digital provides optical and electromagnetic measurement systems for medical and industrial applications. NDI’s technology is used in the growing fields of computer-assisted surgery, computer-assisted therapy, and image-guided radiation treatment. In addition, the company’s technology is used by advanced manufacturers for optical tracking and noncontact 3-D measurements.

The all-cash transaction is valued at C$200 million and is expected to contribute more than C$20 million of earning before interest, tax, depreciation, and amortization (EBITDA) during the next 12 months. Northern Digital will become part of Roper’s medical platform within its medical and scientific imaging segment. The company expects the acquisition will be accretive to the company’s earnings and cash flow.

“Northern Digital is an excellent addition to our medical platform with technology and applications to improve patient outcomes while increasing productivity for doctors and hospitals,” says Brian Jellison, Roper’s chairman, president, and CEO. “We welcome the Northern Digital team to Roper and look forward to working together to enhance the value of the business.”

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Roper Industries

Roper Industries Inc. is a diversified growth company and is a constituent of the S&P 500, Fortune 1000, and the Russell 1000 indexes. Roper provides engineered products and solutions for global niche markets, including water, energy, transportation, medical, education, and software as a service (SaaS)-based information networks. Roper converts end-market potential into profitable growth and cash flow. In turn, it deploys excess cash into internal growth initiatives and a disciplined acquisition program in order to create new value for its investors.Roper’s business segments are: industrial technology, energy systems and controls, medical and scientific imaging, and radio frequency (RF) technology.