Roper Tech To Acquire Deltek In All-cash Deal Valued At $2.8 Billion

Roper Technologies Inc. said Tuesday it has entered an agreement to buy Deltek in an all-cash deal valued at $2.8 billion. Roper said it expects the deal too boost 2017 cash flow by $80 million, to deliver $535 million of revenue and $200 million of EBITDA, excluding the impact of fair value accounting of Deltek's deferred revenue. Roper makes software for the health care, transportation, food, energy, water, education and other markets. Deltek makes software for project-based businesses serving niche markets, including government contractors. The deal is expected to close before year-end. Roper will host a conference call on the transaction at 9.00 a.m. Eastern. Shares were not yet active in premarket trade, but are down 4.3% in the year so far, while the S&P 500 has gained 7.9%.