08:56 AM EDT, 08/15/2024 (MT Newswires) -- Roper Technologies ( ROP ) has agreed to buy Transact Campus for $1.5 billion, including a $100 million tax benefit, and combine it with its CBORD business, the two companies said in separate statements Thursday.

Roper said the net price values Transact at 14 times its anticipated 2025 earnings before interest, taxes, depreciation, and amortization.

Transact's current Chief Executive Nancy Langer will lead the combined entity, with CBORD's CEO, Dan Park, becoming Chief Operating Officer, Roper said.

The operator of software and technology development businesses said it plans to fund the acquisition using existing cash and credit.

Transact said the deal is slated to close in the current quarter.