The ratings on Roper Industries Inc., a diversified manufacturer of industrial products, reflect the company's satisfactory business profile, which is marked by leading positions in profitable niche markets, and by its broad product, end-market, and geographic diversity. However, the company is acquisitive, which exposes it to integration risk. Sarasota, Fla.-based Roper, which has annual sales of more than $2 billion, provides engineered products and solutions for a diverse array of global niche markets. The company's reporting segments include industrial technology, radio frequency (RF) technology, scientific and industrial imaging, and energy systems and controls. The industrial technology segment (30% of 2007 revenues) produces automatic meter-reading products and systems, industrial pumps, and flow measurement and metering equipment. The RF technology segment (27%)
