Roper Industries, Inc. (NYSE: ROP) today announced that it has completed the previously announced acquisition of Northern Digital, Inc., a leading provider of 3-D measurement technology for medical applications.
Headquartered in Waterloo, Ontario, Canada, Northern Digital provides optical and electromagnetic measurement systems for medical and industrial applications. NDI's technology is used in the growing fields of computer-assisted surgery, computer-assisted therapy and image-guided radiation treatment. In addition, the Company's technology is utilized by advanced manufacturers for optical tracking and non-contact 3-D measurements.
The all-cash transaction is valued at C$200 million and is expected to contribute more than C$20 million of EBITDA in the next twelve months. Northern Digital will become part of Roper's medical platform within its Medical & Scientific Imaging segment. The Company expects the acquisition will be accretive to the Company's earnings and cash flow.
"Northern Digital is an excellent addition to our medical platform with technology and applications to improve patient outcomes while increasing productivity for doctors and hospitals," said Brian Jellison, Roper's Chairman, President and CEO. "We welcome the Northern Digital team to Roper and look forward to working together to enhance the value of the business."
FDA strengthens AI regulation to ensure patient safety and innovation in healthcare