Roper Sells Industrial Business Stake to CD&R for $2.6 Billion

Roper Technologies Inc. agreed to sell a majority stake in its industrial operations to affiliates of private equity firm Clayton Dubilier & Rice, wrapping a monthslong process as the manufacturer focuses on business lines with less cyclicality.

Roper will receive pretax cash proceeds of about $2.6 billion while retaining a 49% stake in the standalone entity, which includes its process technologies unit, according to a statement Wednesday. The deal is expected to close by the end of the year.

The announcement confirms a Bloomberg News report last month that CD&R was nearing an agreement for the assets. Roper has ...