Vontier Corporation entered into a definitive agreement to acquire DRB Systems, Inc. from affiliates of New Mountain Capital, L.L.C for approximately $970 million.
July 18, 2021
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Vontier Corporation (NYSE:VNT) entered into a definitive agreement to acquire DRB Systems, Inc. from affiliates of New Mountain Capital, L.L.C for approximately $970 million on July 19, 2021. The purchase price of approximately $965 million, payable in cash, includes a deferred tax asset of approximately $130 million, which is expected to be utilized over the next 15 years. The acquisition will be financed with available cash and proceeds from borrowings under Vontier’s credit facilities. The transaction is subject to customary closing conditions, including regulatory approval. Vontier anticipates that the acquisition will close in the third quarter of 2021. The transaction is expected to be accretive to earnings and free cash flow in 2022.
Vontier Corporation is a global industrial technology company uniting productivity, automation, and multi-energy technologies to meet the needs of a rapidly evolving, more connected mobility ecosystem. The Company operates through three segments. The Mobility Technologies segment provides digitally enabled equipment and solutions to support efficient operations across the mobility ecosystem, including point-of-sale and payment systems, workflow automation solutions, telematics, data analytics, software platform for electric vehicle charging networks, and integrated solutions for alternative fuel dispensing. Its Repair Solutions segment manufactures and distributes aftermarket vehicle repair tools, toolboxes, automotive diagnostic equipment, and software through a network of mobile franchisees. The Environmental & Fueling Solutions segment provides environmental and fueling hardware and software, and aftermarket solutions for global fueling infrastructure.
Vontier Corporation entered into a definitive agreement to acquire DRB Systems, Inc. from affiliates of New Mountain Capital, L.L.C for approximately $970 million.
VONTIER CORPORATION 
