Roper Industries Acquires Technolog, Leading UK Provider of Products and Services for Water, Gas and Electricity Markets

Roper Industries, Inc. announced that it has acquired Technolog, a UK-based end-to-end solutions provider for network monitoring, pressure management, automatic meter recording (AMR) and smart metering solutions.

Technolog, which will become part of Roper’s RF Technology segment, designs, manufactures and supplies specialty electronic products under the Cello brand name for use by the water, gas and electricity markets. The company’s Utilitec Services Limited business provides a nationwide installation and maintenance resource to complement the company’s product offering. The Utility Data Services Limited business operates a dedicated data center that collects, validates and delivers data to customers, and hosts websites on behalf of water utilities and energy suppliers. Headquartered in Wirksworth, Derbyshire, Technolog has an installed base of more than 250,000 monitoring and AMR points for the commercial and industrial sectors, primarily in Europe.

“Roper is making substantial investments to expand our RF Segment,” said Brian Jellison, Roper’s Chairman, President and CEO. “During 2008 we have made four strategic acquisitions in the segment, utilizing our disciplined acquisition approach, which has diversified our business and broadened the applications we can provide our customers. Our RF Segment, which previously operated primarily in the transportation sector, now has meaningful market positions in education, healthcare, security and utilities. RF technologies present attractive growth opportunities for Roper and we expect to continue actively developing these businesses.

“Technolog is the UK leader in the niche markets where it operates. Its respected brand and reputation for innovation, product quality and service excellence have earned it an impressive record of winning long-term utility contracts. This substantial and growing installed base in the fast growing AMR and smart metering sector makes Technolog another great addition to our growing RF segment. The company complements the RF component of our Neptune business in our Industrial Segment and we expect that there will also be opportunities for collaboration with our other businesses.

“We are pleased to welcome Claude Yonnet, his experienced leadership team and Technolog’s employees to Roper. This team understands the demands of the energy and water markets, and its focus on technical innovation and customer service has produced consistently outstanding results,” Mr. Jellison added.

Technolog’s management team will continue to lead the business as part of Roper. The team includes Claude Yonnet, Managing Director; Vanessa McCristall, Finance Director; Stephen Drury, Operations Director; and Stephen Howard, Commercial Director.

Dr. Yonnet said: “This is the ideal time for Technolog to become part of an international company with complementary products and skills. We are delighted to join Roper and expect this will enhance our ability to achieve our significant growth objectives. Roper has built a very significant RF business, comprised of world-class assets, and we look forward to working with these businesses and others in the Roper family.”

Roper has deployed a total of approximately $225 million in connection with its acquisitions of Technolog and Horizon Software International, which was announced on September 4, 2008. The Company expects these acquisitions to generate more than $100 million in sales and contribute EBITDA of at least $25 million in 2009.

Roper Industries is a market-driven, diversified growth company with trailing twelve month revenues of $2.2 billion, and is a component of the Fortune 1000, S&P MidCap 400 and the Russell 1000 Indexes. Roper provides engineered products and solutions for global niche markets, including water, energy, radio frequency and research/medical applications. Additional information about Roper Industries is available on the Company’s website at www.roperind.com.