Roper Buys CBORD

Roper Inc. (ROP) has completed its $367 million acquisition of CBORD Group Inc. from Sterling Investment Partners and Oak Investment Partners. The deal had originally been announced in February. CBORD is an Ithaca, N.Y.-based maker of smartcard systems to universities and other institutions. It had been acquired by Sterling and Oak in 2004, and subsequently made two acquisitions. www.roperind.com