King & Spalding is advising Roper Technologies, Inc. (NYSE: ROP), a leading diversified technology company, in the sale of its Zetec business to Eddyfi/NDT in a transaction valued at approximately $350 million. The transaction is expected to close at the end of 2021, subject to customary closing conditions, including regulatory approvals.
Roper operates businesses that design and develop software (both license and software-as-a-service) and engineered products and solutions for a variety of niche end markets.
Zetec is a global leader in nondestructive 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.
A link to the press release announcing the transaction is here.
The King & Spalding deal team is led by partner Rahul Patel and includes John Anderson, Michelle Stewart, and Umbar Malik