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6901 Professional Pkwy. East, Ste. 200 Sarasota, FL 34240 FL Tel. 941-556-2601 Fax 941-556-2670 |
Type: Public
On the web:
http://www.roperind.com
Employees:
8,570
Employee growth: 6.5%
Control, pump, scan, authorize, and analyze: Roper Industries is an amalgamation of activities. Its business segments comprise Medical and Scientific Imaging (digital imaging products and software); Energy Systems and Controls (controls and sensors, testing/inspection equipment); Industrial Technology (pumps, leak testing, flow measurement), and RF (radio frequency) Technology (toll/traffic systems, card systems, and software). Its lines are used in niche markets engaged in RF, as well as water, energy, research and medical, education, and security applications. The company aims for end-markets seeking value-added, engineered products. The US generates almost 75% of sales.
Key numbers for fiscal year ending December, 2011:
Sales: $2,797.1M
One year growth: 17.2%
Net income: $427.2M
Income growth: 32.4%
Officers:
Chairman, President, and CEO: Brian D. Jellison
VP and CFO: John Humphrey
Group VP Industrial Technology: Nigel W. (Will) Crocker
Competitors:
Agilent Technologies
Halliburton
IDEX
Incorporated: 1981
NAIC: 333911 Pump and Pumping Equipment Manufacturing; 334514 Totalizing Fluid Meter and Counting Device Manufacturing; 421810 Construction and Mining (except Oil Well) Machinery and Equipment Wholesalers; 334516 Analytical Laboratory Instrument Manufacturing
A leader in the fluid handling, industrial controls, and analytical instrumentation industries, Roper Industries, Inc. manufactures and distributes highly engineered, application-specific products for a broad range of industries, including the oil and gas, chemical and petrochemical processing, research, medical, semiconductor, and power generation industries. In the early 2000s, Roper Industries operated in three business segments: industrial controls, which manufactured microprocessor-based turbomachinery control systems, pressure sensors, and thermostatic valves; fluid handling, which manufactured rotary gear pumps, air-operated diaphragm pumps, and centrifugal pumps; and analytical instrumentation which manufactured digital imaging, fluid properties test, industrial leak test, materials analysis, microscopy preparation and handling, and spectroscopy products. With slightly more than half of its sales derived from overseas, the company recorded resolute growth during the early 2000s by expanding internationally through several key acquisitions.
Roper Industries' historical roots reach back to its founder, George D. Roper, and the company he started in 1919, the Geo. D. Roper Corporation. Founded in Rockford, Illinois, as a manufacturer of gas stoves and gear pumps, Geo. D. Roper Corp. became best known for its production stoves, developing into a flourishing concern that eventually manufactured electric and gas kitchen ranges, power gardening tools, and a host of other home-related goods. The company's smaller business segment, the manufacture of pumps, which constituted the origins of Roper Industries, remained overshadowed by the association of the Roper name with kitchen appliances, existing for decades as a barely known enterprise, while the appliance segment garnered the bulk of Geo. D. Roper Corp.'s total sales and, consequently, nearly all of its publicity.
For much of the first half of the 20th century, the two businesses--gear pumps and kitchen stoves--operated together within the same corporate structure, but in the late 1950s the two segments were split into two different companies that 30 years later existed as Roper Corporation a large kitchen appliance manufacturer with more than $700 million in annual sales; and Roper Industries, a manufacturer of an assortment of pumps and controls with an annual sales volume roughly 25 times smaller than Roper Corporation.
The two distinct business segments embarked on their separate paths of development when the Florence Stove Company, founded in the early 1870s as a maker of wood-burning stoves, set its acquisitive sights on the Geo. D. Roper Corp. In 1957, Florence Stove sold its manufacturing facility in Florence, Massachusetts, and transferred production to Illinois, then purchased the inventories of finished products, receivables, and all capital stock of Geo. D. Roper Corp. The entire new operation took the name Geo. D. Roper Corp. in 1958. Meanwhile, Geo. D. Roper Corp.'s pump manufacturing operations were moved to Georgia, as the newly assembled corporation flourished under the beneficent corporate umbrella of retailing giant Sears, Roebuck & Co.
Sears not only was Geo. D. Roper Corp.'s largest customer but also owned nearly half of the Illinois-based appliance manufacturer. This relationship between Sears and Geo D. Roper Corp. was strengthened when Geo D. Roper Corp. merged with a wholly owned Sears subsidiary, Newark Ohio Co., in 1964. Newark Ohio, which manufactured electric ranges, lawn mowers, and other products for Sears, sold nearly all of its products to its parent company prior to the merger, while Geo D. Roper Corp. derived 55 percent of its annual revenue from sales to Sears before the merger. Once combined, the merged entity relied on its relationship with Sears to generate more than three-quarters of total sales, ranking as Sears' largest supplier of gas and electric ranges, rotary mowers, and a major supplier of drapery hardware.
When Geo. D. Roper and Newark Ohio merged, the Geo. D. Roper Corporation corporate title was retained for several years until Roper Corporation was adopted as the company's new name in April 1968, by which time the gas stove manufacturing business originally founded by George Roper was rapidly approaching the $200-million-a-year sales mark. Over the ensuing two decades, Roper Corporation broadened its product line and grew as Sears grew, developing into a more than $500 million company by the mid-1980s, when Roper Corp. implemented a major restructuring program. Nonessential businesses, such as the company's involvement in luggage and window blind production, were spun off; manufacturing facilities were relocated from the Midwest to Georgia and South Carolina; and 60 percent of its shares were bought back from Sears, making Roper Corporation a more cost-efficient maker of electric kitchen ranges than other major producers. The changes effected during the mid-1980s also made Roper Corporation a much more attractive acquisition target, and in 1988 a bidding war between Whirlpool Corporation and the General Electric Company was touched off, as the two giant appliance makers battled for the rights to acquire one of the few U.S. electric appliance manufacturers still in existence. In the end, General Electric emerged the victor, and acquired Roper Corporation's manufacturing capacity for stoves and lawn equipment, the core of its more than $700 million business at the time.
As Roper Corporation slowly disappeared from the business press spotlight, existing in relative anonymity deep within the sundry organizational layers comprising behemoth General Electric, the other half of the former Geo. D. Roper Corporation--the pump manufacturing facilities that were relocated to Georgia in the late 1950s--was beginning to etch a new identity for the Roper name as Roper Industries Inc. During Roper Corporation's rise as a major supplier to Sears, the Georgia-based pump works--Roper Pump Company--operated as a public company until 1981, when a leveraged buyout transferred ownership of the company to private hands. The following year, the person chiefly responsible for Roper Industries' growing stature during the 1980s and 1990s arrived, marking the beginning of a new era in the company's history that would punctuate its decades of quiet existence with resolute, international growth.
This pivotal figure in the company's ascension was British-born Derrick N. Key, who was named vice president of Roper Industries in June 1982. A former consultant for Johnson & Johnson, Key put his experience in marketing consumer products to work at Roper Industries, and introduced a management system that had achieved considerable success at numerous consumer products companies, but rarely had been used at manufacturing companies like Roper Industries. Key's importation of the product manager system, which was adopted by Roper Industries following Key's arrival, pushed the decision-making process down the company's management ladder, ceding substantial control to company managers. Within Roper Industries, each major product was assigned its own manager, who was then put in charge of overseeing the full development of the product, wielding control over production, sales, and advertising.
As the success engendered by the implementation of the product manager system grew, Key moved up Roper Industries' corporate ladder, becoming president of Roper Industries' primary revenue-generating engine, Roper Pump Company, in November 1985. Less than four years later, in February 1989, Key was named president of Roper Industries, assuming the company's presidential post at a time when annual sales hovered around $35 million and earnings stood at $2 million. Under Key's direction, these modest financial totals would rise strongly, propelled by an aggressive acquisition and expansion program orchestrated by Key that would position Roper Industries as a considerably larger international competitor in the specialty controls industry. In the first five years of Key's leadership, annual sales more than quadrupled, while earnings recorded a more prodigious gain, increasing tenfold, as Roper Industries began to attract the attention long-accorded to Roper Corporation's appliance business.
The first pivotal move in Roper Industries bid to become a larger, more globally oriented competitor was executed a year after Key's promotion to president, when the company acquired Amot Controls Corporation and its U.K. and Switzerland subsidiaries in July 1990 for approximately $28 million. Amot Controls, which manufactured valves, switches, and sensors for the oil and gas, power generation, and transportation industries, represented an important addition to Roper Industries, giving the company one of the primary pillars supporting its existence during the 1990s. After its first full year as a Roper Industries' company, Amot Controls helped push companywide annual sales to $75 million, or more than twice as much as Roper Industries generated two years earlier, setting the tone for the rapid growth to follow during the early 1990s.
Another important acquisition, one that would play a leading role in Roper Industries' most publicized event in its history, was completed two years after the purchase of Amot Controls. In September 1992, Roper Industries acquired Compressor Controls Corporation, the world's leading turbocompressor control manufacturer, for an estimated $35 million. Together, Amot Controls and Compressor Controls composed Roper Industries' industrial controls business segment, the smaller of the company's two business segments in 1992, but the segment that would provide the bulk of the company's growth between 1992 and the mid-1990s.
After an 11-year hiatus, Roper Industries once again became a publicly owned company in 1992, giving it the necessary capital to continue its acquisition and expansion campaign, which became increasingly international in focus following the purchase of Compressor Controls. Relying on the global connections it had realized through its two international acquisitions, Roper Industries made the headlines in the business press the year after its public offering by striking a deal with the massive Russian natural gas conglomerate, Gazprom, to supply computerized control systems for Russia's enormous pipeline system. The agreement between Compressor Controls and Gazprom led to a seven-year contract worth $350 million, the announcement of which drew enough praise from certain sectors of the financial community to push Roper Industries' stock from a low of $5.75 a share to $78 a share before splitting two-for-one.
Although Roper Industries' Russian deal represented a potential boon to the company's business, it also represented a possible tinderbox, given the economic and political instability pervading Russia during the early and mid-1990s and the confounding vagaries of Russian bureaucracy. When shipments to Gazprom began in April 1993, however, expectations were high and largely substantiated by the year's end. By the end of 1993, in an abbreviated year as far as the company's contract with Gazprom was concerned, Roper Industries shipped $42 million worth of high-technology, high-speed controls to Gazprom, but in 1994, the difficulties inherent in doing business in Russia led to lackluster financial results. Installation delays and problems with financing in Russia hindered Roper Industries' Gazprom-related activities during the year, reducing the amount of the company's shipments to $35 million for the year.
The Gazprom deal continued to cause the company problems into the late 1990s. Starting in 1993, Roper worked with the U.S. Export-Import Bank (Ex-Im) to secure financing for shipments to Gazprom. In 1996, however, the company was forced to stop shipments because of congressional threats to block the financing. Senator Alfonse D'Amato of New York led the fight to suspend Ex-Im's dealings with Gazprom, citing Gazprom's dealings with Iran and the United States' increased sanctions on that country. As a result, Roper canceled a $12 million shipment to Gazprom in October 1997. That year, difficulties with the Russian gas conglomerate caused Roper's stock to fall by 24 percent. By December 1997, president Derrick Key announced that Gazprom would need to secure substantial funds by the middle of 1998, otherwise Roper would reduce its business or abandon the deal altogether. Gazprom then began efforts to arrange European bank financing to support the balance of its deal with Roper.
In January 1998, Roper announced a $12.3 million shipment to Gazprom (financed by Gazprom's general credit facilities). In May 1998, Gazprom had secured financing through a wholly owned European bank for its future business. This financing arrangement was expected to be available over the next five years for $128 million of additional turbomachinery controls purchases. By the time the company's 1998 annual report was released, Derrick Key was confident enough to pronounce that Roper had "finally achieve[d] the consistency of the Gazprom business that we have long striven for." In 2000, Gazprom extended its deal with Roper, committing to an additional $150 million of purchases over and above the original agreement and extended the term through the end of 2007.
Elsewhere in the family of Roper Industries companies, more consistently positive results were being achieved during the 1990s. In September 1993, Roper Industries acquired Integrated Designs Inc. (IDI) for $12 million, adding IDI's semiconductor-manufacturing equipment capabilities and its high profitability to the company's fluid handling business segment. The following year, as the company contended with the difficulties associated with Gazprom, it continued to focus on building other facets of its business by looking for industrial equipment companies to acquire, seeking to strengthen its involvement in the production of highly engineered, high-margin products. Roper Industries found such a company in August 1994 when it acquired Instrumentation Scientifique de Laboratoire, S.A. (ISL) for approximately $10.5 million. Headquartered in Verson, France with sales and service offices in the United States, the United Kingdom, Brazil, and Russia, ISL was one of the leading competitors in the world for oil refinery laboratory testing equipment. This acquisition bolstered Roper Industries' position in an industry--oil and refined petroleum products--it already served and it increased the company's international presence.
By the end of 1994, Roper Industries was deriving more than half its annual sales from outside the United States, largely through the foreign business developed by Key, who had been named chief executive officer in 1991, then finally chairman of Roper Industries in December 1994. Annual sales, which had reached $75 million in 1991, had climbed to $147 million by the end of 1994, thanks primarily to the development of the company's industrial controls segment, made up entirely of companies acquired since 1990. ISL, Compressor Controls Corporation, and Amot Controls Corporation composed Roper Industries' industrial controls segment, with Richmond, California-based Amot U.S. and Bury St. Edmunds, England-based Amot U.K. functioning as the two operating companies of Amot Controls Corporation. Combined, these companies generated $91 million of Roper Industries' 1994 total sales, with the company's fluid handling business segment, comprising Roger Pump Company, Cornell Pump Company and IDI, accounting for the balance.
As Roper Industries entered the mid-1990s, the company began mapping plans for the future, which included the strengthening of its U.S. businesses to offset any further problems with its contract to supply compressor controls to Russia. Toward this objective, the company announced the completion of its acquisition of Houston, Texas-based Metrix Instrument Company in October 1995. A manufacturer of vibration detection and analysis equipment for the rotating machinery industry, Metrix Instrument was incorporated into Roper Industries' burgeoning industrial controls segment. Roper continued to grow the segment through the 1990s with such acquisitions in 1997 as Petrotech, a turnkey control systems company, and in 2000 Hansen Technologies, a manufacturer of valves and controls for refrigeration systems. In 2001, Roper's industrial controls segment netted sales of $197 million.
In 1997 the company began expanding into the area of analytical instrumentation by making a series of acquisitions through the late 1990s and into the early 21th century. These acquisitions included Gatan International (a manufacturer of electron microscopy control systems) in 1996, Acton Research (a maker of high-end spectrographic systems and specialty optics) in 1998, and Struers Holdings A/S (a producer of materialographic sample preparation equipment) in 2001. In the first quarter of 2002, Roper's analytical instrumentation segment had grown to net sales of $82 million.
The company carried over its strategy of acquiring small companies into its fluid handling segment, adding such companies as Abel Pump (a manufacturer of water, industrial, marine, and mining pumps) in 1998. In 2001, sales in the fluid handling segment netted the company $125 million.
The company was not immune from the economic downturn of the early 2000s, but Roper entered the early years of the 21th century optimistically and reported a strong start to the year 2002. The first quarter of that year saw a 9 percent increase in sales and a 240 basis point improvement in gross margins, and Roper remained confident in its ability to continue growing. "Roper is making good progress on the objectives we outlined for 2002," said president and CEO Brian Jellison in the company's first quarter report. "Despite the challenging first quarter economic environment, we are confident that our disciplined financial and operational processes will assure another record year for Roper Industries in 2002."
Principal Subsidiaries
ABEL Pump; Acton Research; Amot Controls Corp.; Antek Instruments; Compressor Controls Corp.; Cornell Pump Co.; Dynamco; Flow Technology; Fluid Metering, Inc.; Gatan; Hansen Technologies; Integrated Designs Inc.; Media Cybernetics; Metrix Instrument Co.; Petroleum Analyzer Company; Petrotech; Redlake/MASD; Roper Pump Co.; Roper Scientific.
Principal Operating Units
Analytical Instrumentation; Fluid Handling; Industrial Controls.
Agilent Technologies; Halliburton; SPX.
Further Reading
"Bottom-Fishing for Stocks during Volatile Markets," On Wall Street, June 1,1997, http://www.elibrary.com.
Byrne, Harlan S., "Russian Roulette," Barron's, July 31, 1995, p. 21.
Christy, John H., "Cheap and Unsexy," Forbes, March 24, 1997, p. 188.
Coleman, Zach, "Iran Sanctions Jeopardizing GA. Manufacturer, Roper Industries Fears Loss of Big Russian Customer," Atlanta Business Chronicle, November 14, 1997, p. A8.
Du Bois, Peter C., "Made-to-Order Profits: Companies Which Supply Sears Are Sharing in the Giant Retailer's Prosperity," Barron's, July 22, 1963, p. 3.
------, "On the Front Burner," Barron's, August 14, 1961, p. 11.
Eichenwald, Kurt, "G.E. in Deal to Acquire Roper," New York Times, April 1, 1988, p. D1.
"EQT Sells Struers," European Venture Capital Journal, October 2001, p. 16.
"George D. Roper--Special Situation," June 5, 1963, p. 9.
Glassman, James K., "No Excuse for Not Retiring Rich," Washington Post, May 16, 1999, p. H1.
Gordon, Mitchell, "Roper Recovery," Barron's, October 20, 1986, p. 60.
Gottschalk, Arthur, "Russian Deal 'Blessing and Curse' for Roper," Journal of Commerce, June 21, 1994, p. B5.
"How Georgia Stocks Fared: Roper Industries Downgraded after Russian Deal Stalls," The Atlanta Constitution, October 31, 1997, p. G4.
Husted, Bill, "With Georgia's Roper Industries, Only Thing Flashy Is Profit Line," Knight-Ridder/Tribune Business News, June 19, 1994, p. 6.
"In Brief," Washington Post, July 4, 2001, p. E5.
Joyner, Tammy, "Business Press: The Best Little Businesses in Georgia," The Atlanta Journal and Constitution, October 30, 1997, p. E9.
Karp, Richard, "The Home-Run Hitters," Institutional Investor, March 1989, p. 73.
Kempner, Matt, "Roper Acquisition Canceled, Earnings Outlook Reduced," The Atlanta Journal and Constitution, August 19, 1998, p. D12.
Lacroix, Edmond H., "Roper Corp.," Wall Street Transcript, November 4, 1968, pp. 14, 800.
"Leach Cancels Deal with Roper," The Oil Daily, August 20, 1998, http://www.elibrary.com.
Machan, Dyan, "Alchemist," Forbes, November 4, 1996, p. 182.
Matta, Mathew L., "NationsBanks Ropes in Roper Industries," Bank Loan Report, June 9, 1997, p. 13.
Music, Kimberley, "U.S. Equipment Firm Pulls Plug on Gazprom Deal," The Oil Daily, November 3, 1997, pp. 1-2.
"Net at Geo. D. Roper Cooking on All Burners," Barron's, March 21, 1968, p. 23.
O'Hanlon, John, "Derrick N. Key Chairman, President and Chief Executive Officer Roper Industries, Inc. Interview," Wall Street Corporate Reporter, March 29, 2001, http://www.elibrary.com.
Phadungchai, Naruth, "Roper Industries Borrows $300M," Bank Loan Report, March 27, 2000, http://www.elibrary.com.
Poole, Shelia, "Roper Earnings up 16 Percent, Gazprom Business in Doubt," The Atlanta Journal and Constitution, December 13, 1997, p. D1.
Quinn, Matthew C., "Roper Urges Russian Company to Find New Financing for Deal," The Atlanta Journal and Constitution, December 18, 1997, p. F5.
Rattle, Barbara, "Salt Lake Leak, Testing Company Sold to Georgia Firm for $4.8 Million," The Enterprise, December 1, 1997, p. 3.
"Roper Acquisition Brings Access to Aerospace Industry," The Atlanta Constitution, July 29, 1998, p. D12.
"Roper Completes Varlen Deal," The Oil Daily, June 23, 1999, http://www.elibrary.com.
"Roper Corp. Discloses It Is Talking Merger with Unit of Sears," Wall Street Journal, April 13, 1964, p. 20.
"Roper Corp. to Make Gas Ranges for Whirlpool," Wall Street Journal, March 14, 1962, p. 31.
"Roper Declines up to 23% after Warning Earnings Down," The Atlanta Journal and Constitution, July 1, 2000, p. F6.
"Roper Industries, Inc. Announces Acquisition of Metrix Instrument Company and a Fifty Percent Increase in Dividend Rates," PR Newswire, October 2, 1995, p.10.
"Roper Industries, Inc. Announces Record First Quarter Financial Results," PR Newswire, February 18, 1998, http://www.elibrary .com.
"Roper Industries, Inc. Announces Record Sales and Earnings for The Fiscal Year Ended October 31, 1998," PR Newswire, December 7,1998, http://www.elibrary.com.
"Roper Industries, Inc. Announces the Signing of a Definitive Purchase Agreement for the Acquisition of Photometrics, Ltd.," PR Newswire, March 30, 1998, http://www.elibrary.com.
"Roper Industries, Inc. Announces the Signing of a Letter of Intent for Its Largest Acquisition to Date," PR Newswire, July 28, 1998, http://www.elibrary.com.
"Roper Industries, Inc. Announces Third Quarter Financial Results," PR Newswire, August 17, 1998, http://www.elibrary.com.
"Roper Shares Decline as Company Tells of Acquisition, Warns of Profit Shortfall," The Atlanta Constitution, July 31, 2001, p. D5.
"Roper: Turncoat in a Takeover War," Business Week, April 11, 1988, p. 68.
"Sears' Unit and Roper Agree on Merger Plan," Wall Street Journal, April 20, 1994, p. 32.
Solomon, Goody L., "Nation of Magic Chefs?," Barron's, March 8, 1965, p. 11.
Stephens, Flo P., "Varlen Instruments, Inc.," Hydrocarbon Processing, November 1999, p. F116.
Walker, Tom, "How Georgia Stocks Fared: Roper's Prediction for Earnings Boosts Stock: Equipment Maker Expects to Beat Analysts' Estimates," The Atlanta Journal and Constitution, January 31, 1998, p. E04.
"Whirlpool Moves into the Kitchen," Business Week, March 14, 1988, p. 44.
— Jeffrey L. Covell; Updated by Lisa Whipple
Record of performance, a series of programs for recording milk yield in cows, egg production in fowls and rate of gain in meat producing animals.
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| Type | Public |
|---|---|
| Traded as | NYSE: ROP S&P 500 Component |
| Industry | Conglomerate |
| Founded | Late 1800s |
| Headquarters | Sarasota, Florida[1], United States |
| Key people | Brian Jellison, CEO |
| Products | Industrial Technology, Radio Frequency (RF) Technology, Scientific and Industrial Imaging, Energy Systems and Controls, and Instrumentation |
| Revenue | US$1.7 billion |
| Website | http://www.roperind.com |
| Type | Subsidiary |
|---|---|
| Industry | manufacturing |
| Founded | 1948 |
| Headquarters | Houston, Texas, USA |
| Key people | President:Eric Schellenberger |
| Products | valves and controls |
| Revenue | Private |
| Employees | 160 |
| Website | http://www.amot.com |
| Type | Subsidiary |
|---|---|
| Industry | Turbomachinery controls |
| Founded | 1976 |
| Headquarters | Des Moines, Iowa, USA |
| Products | controls |
| Employees | 300 |
| Website | http://www.cccglobal.com/ |
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|
| Type | Subsidiary |
|---|---|
| Industry | AIDC |
| Founded | 1979 |
| Headquarters | Vanier, Quebec |
| Key people | General Manager: Michael Gioseffi |
| Products | mobile computers |
| Revenue | Private |
| Employees | 150 |
| Website | www.daptech.com |
| Type | Subsidiary |
|---|---|
| Industry | software |
| Founded | 1981 |
| Headquarters | Maryland, United States |
| Key people | Private |
| Products | image processing software, image database software |
| Revenue | Private |
| Website | www.mediacy.com |
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| Type | Subsidiary |
|---|---|
| Industry | manufacturing |
| Founded | 1961 |
| Headquarters | New Jersey, United States |
| Key people | Private |
| Products | optical coatings, spectroscopy instrumentation, CCD cameras |
| Revenue | Private |
| Website | www.piacton.com |
Roper Industries is a diversified industrial company that produces engineered products for global niche markets. The company is headquartered in Sarasota, Florida.
Roper provides a wide range of products and services to customers in over 100 countries. The company has four main business lines: Industrial Technology, Radio Frequency (RF) Technology, Scientific and Industrial Imaging and Energy Systems and Controls. The company states that it is entrepreneurial yet highly disciplined, and plans to accelerate its growth by using strong cash flow to fund internal expansion and acquisitions. Roper joined the Russell 1000 index in 2004, and has annual revenues of more than US$1.7 billion, as of 2006.
George D. Roper founded the company in the late 19th century, primarily as a manufacturer of home appliances, pumps and other industrial products. Roper initiated a corporate acquisition program, supported by an initial public offering, in 1992.
In 2001, Brian Jellison, a former executive of General Electric and Ingersoll-Rand, joined Roper as Chief Executive Officer. The company states that since then, it has improved its operating capabilities, increased its financial capacity and positioned Roper in markets with attractive growth prospects. The previous holding company business strategy has been replaced with an operating company model. Since 2001 Roper has completed acquisitions accounting for over half its revenues, establishing the company in global growth markets, such as radio frequency identification(RFID) and water. Roper states that during the 2001–2005 era it has paid investors steadily increasing dividends and seen its stock price rise.
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AMOT provides the oil and gas , rail, marine, power generation and many other markets with tailored design solutions for the control and monitoring of process packages, engines, compressors and pumps. AMOT invented the industrial thermostatic valve and has been manufacturer of components for rotating machinery since 1948.
AMOT currently has four manufacturing sites and nine sales offices positioned strategically around the world with its main offices in Houston, Texas; Edmonton, Canada; and Bury St. Edmunds, England. The company employs 160 people.
DAP Technologies manufactures rugged mobile computers, including portable data terminals, and tablet computers. DAP's computers are designed for harsh environments, so they can be used in logistics operations, transportation, warehouses, field service, utilities, law enforcement, and the energy industry, as well as other applications.
DAP distributes its computers in more than 60 countries, and operates subsidiaries in Paris, France, Abingdon, England and Tokyo, Japan. The company employs 150 people.
Media Cybernetics is a company in Maryland, United States, founded in 1981, that produces image processing software used worldwide for industrial, scientific, medical and biotechnology applications. In recent years, Media Cybernetics acquired the assets of Definitive Imaging, QED Imaging and AutoQuant Imaging. Image-Pro Plus is Media Cybernetics' flagship image analysis software. Published since 1985, Image-Pro Plus enables researchers to capture, communicate, process, measure and analyze image data. Along with Image-Pro Plus, Media Cybernetics offers software packages for image deconvolution, live cell imaging, 3D rendering and visualization and image management.
Princeton Instruments, Princeton Instruments, manufactures scientific imaging equipment, optical coatings, optical cameras, CCD and EMCCD cameras, spectroscopy instrumentation and electronic sub-assemblies. Princeton Instruments is divided into these application-specific groups: Imaging Group provides cameras for applications that include Astronomy, BEC, Combustion, PIV, Single Molecule, Surface and Material Analysis, PSP, and Nanotechnology. Spectroscopy Group provides spectrometers, cameras and systems for Raman, LIBS, NIR, Absorption, Fluorescence, and Luminescence. X-Ray Group manufactures cameras for EUV, Lithography, XRS, Plasma, Diffraction, Microscopy, and Tomography applications. Industrial Group provides MEGAPLUS cameras for Semiconductor, Web Inspection, Document and Film Capture, Digital Radiography, and Ophthalmology. Acton Optics & Coatings provides optical components for Medical, Semiconductor, Material Processing, Analytical Instrumentation, Aerospace and Defense applications. The company has based in Trenton, New Jersey and Acton, Massachusetts.
TransCore is a subsidiary of Roper Industries, based in Harrisburg, Pennsylvania, that specializes in Intelligent Transportation Systems. TransCore was acquired by Roper Industries in 2004.
TransCore has three major product families. The first family is in RFID transponders and readers. In this family, their original product line reflects their acquisition of Amtech Systems in 2000 (also a supplier of production and automation systems for the manufacture of solar cells). These transponders come in a plastic case, for either windshield or external mounting. Their newer line is the eGo windshield sticker transponder system, which is a low-cost, batteryless system designed for one-time attachment to a windshield. These transponders are found in electronic toll collection, fleet tracking, payment, parking and access control applications.
The second product family is the TransCore Tracking satellite communication system. This family offers truck tracking, trailer tracking, and temperature and cargo monitoring systems for commercial and private fleets. They use GPS and GEOS technology to transmit data from the truck or trailer to the dispatch center.
The third product family is freight matching. TransCore offers multiple load board products for owner-operators, carriers, brokers, shippers, and 3PLs. The underlying framework is the DAT Network, the first electronic freight posting service, acquired in 2001 from the Jubitz Corporation. DAT Services began as Dial-a-truck (DAT), a freight matching service operated at the Jubitz Truck Stop. It evolved to become the original and largest internet loadboard, a matchmaking service for 50 million freight loads and trucks per year. TransCore offers access to the DAT Network through a variety of loadboard products, operating under a variety of brand names. These products include: DAT Partners, DATConnect, 3sixty Freight Match, 3sixty Express and TruckersEdge.
In addition, TransCore has a substantial services business, designing, building and operating ITS facilities. This may be a complete electronic toll collection system, with design, build, transponders, equipment, customer service and violation enforcement, or any part of it. For example, TransCore operates the ETC systems for several E-ZPass members, even though E-ZPass has an exclusive contract with another manufacturer for transponders. Meanwhile, the Good To Go! system in Washington state is a complete drop-in design/build/operate of an eGo system.
Roper acquired The CBORD Group, Inc. on February 21, 2008. CBORD was founded in Ithaca, NY in 1975. CBORD products are used in food services, catering, campus ID privilege control, and other industries. The products include CS Gold, Odyssey PCS, Foodservice Suite, Webfood, Nutrition Service Suite, EventMaster, and GeriMenu. CBORD has offices in Ithaca, NY; Canton, OH; Waco, TX; Cypress, CA; and Sydney, Australia.
Compressor Controls Corporation (CCC) has specialized in turbomachinery controls for over 35 years. CCC serves customers in a broad range of industries including oil, gas, chemical, petrochemical, refineries, LNG, pipelines, steel mills, pharmaceutical, machine-building, and power generation facilities. CCC also constructs new turbomachinery controls and retrofit existing equipment.
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