Roper Technologies, a diversified technology company, is to sell its Zetec business to Eddyfi/NDT in an all-cash transaction valued at approximately $350m.
For more than 50 years Zetec, headquartered in Snoqualmie, Washington has been involved in nondestructive testing (NDT) solutions for the critical inspection needs of industries the world counts on every day including oil and gas, maritime, rail, and manufacturing. It has generated approximately $64m of revenue and $17m in pretax earnings over the last 12 months.
“Eddyfi/NDT is an ideal home for Zetec, and the combination of these businesses will be a great fit for Zetec’s talented employees and loyal customers,” said Neil Hunn, Roper’s CEO. “We are thankful to everyone at Zetec for their many years of contributions to Roper and wish them continued success with their innovative work in nondestructive testing.”
Eddyfi/NDT is a fast-growing private industrial technology group focused on advanced diagnostic technologies to monitor the world’s infrastructure health. The company serves asset owners, large engineering firms, and service companies globally in markets such as energy, power generation, and rail.
For more information visit: www.zetec.com
