Roper Technologies

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Roper Technologies, Inc.
Public
Traded as NYSE: ROP
S&P 500 Component
Industry Conglomerate
Founded 1890; 134 years ago (1890)
Headquarters Sarasota, Florida, United States
Key people
 Neil Hunn, president and CEO
Products Industrial technology, radio frequency (RF) technology, scientific and industrial imaging, energy systems and controls, and instrumentation
Number of employees
 18,400[1] (2021)
Website www.ropertech.com

Roper Technologies, Inc. (formerly Roper Industries, Inc.)[2] is an American diversified industrial company that produces engineered products for global niche markets. The company is headquartered in Sarasota, Florida.

The company has four main business lines: Industrial Technology, Radio Frequency (RF) Technology, Scientific and Industrial Imaging, and Energy Systems and Controls. Roper joined the Russell 1000 index in 2004, and has annual revenues of more than US$1.23 billion, as of 2017.[3]

History

George D. Roper founded the company in 1890, primarily as a manufacturer of home appliances, pumps, and other industrial products. He entered into part ownership in the Van Wie Gas Stove Company of Cleveland, Ohio. The Van Wie plant moved to Rockford Illinois and passed into trusteeship in the early 1890s. George D. Roper became sole owner of the Van Wie Gas Stove company after the company's debts were paid off on September 1, 1894. A fire completely destroyed the facilities ten days later. The factory was rebuilt and named the Eclipse Gas Stove Company, and later expanded to include the Trahern Pump Company, founded in 1857 and acquired in 1906.[4]

In 1957 George D. Roper sold its stove business to The Florence Stove Co. of Kankakee, Il. It would continue to operate under the name George D. Roper. This would leave the other products with the original company changing its name to Roper Pump Company.[5][4] In 1966, George D. Roper entered the outdoor lawn equipment acquiring David Bradley Manufacturing Works from Sears.[6]

In 1981 Roper Pump Co. reorganized to Roper Industries.[7]

In 1982, Roper moved its (originally Florence Stove Company) appliance production factory at 2207 W Station, Kankakee, IL to a LaFayette, Georgia plant. The Kankakee factory was razed in 2016.[8] In 1988, Electrolux purchased Roper's lawn and garden products division. Roper was added to Husqvarna and Poulan/Weedeater divisions forming the new brand American Yard Products.[9] In 1989, Whirlpool Corporation acquired the Roper brand.[10]

Roper initiated a corporate acquisition program, supported by an initial public offering, in 1992.[citation needed] Betweem 2001 and 2018, Brian Jellison, a former executive of General Electric and Ingersoll-Rand, served as chief executive officer.[11] On April 24, 2015 Roper Industries Inc. changed its corporate name to Roper Technologies, Inc.[12]

Subsidiaries

DAT Solutions offers freight load boards products. The underlying framework is the DAT Network, an electronic freight posting service, acquired in 2001 from the Jubitz Corporation. DAT Solutions began as Dial-A-Truck, a load board operated at the Jubitz Truck Stop in Portland, Oregon.

Manufacturing subsidiaries

  • Compressor Controls Corporation (CCC)
  • DAP Technologies
  • IPA (Innovative Product Achievements, LLC)
  • Neptune Technology Group, Inc
  • Roper Pump Co.
  • Princeton Instruments
  • Verathon, Inc.[13]

Software subsidiaries


References

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ 4.0 4.1 Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ https://www.sj-r.com/story/news/2016/03/04/roper-stove-plant-in-kankakee/32440922007/ |title = Kankakee factory razed
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Brian Jellison 1945-2018 Obituary|Retrieved 2019-06-05
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ The CBORD Group Contact Page
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  17. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  18. ↑ Roper Industries to Buy Sunquest Information Systems for $1.4 Billion
  19. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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