On December 20, 2004, an AIG Global Investment Group equity co-investment, TransCore Holdings, Inc. ("TransCore"), was sold to Roper Industries, Inc. (NYSE: ROP) for approximately $600 million.
TransCore is a provider of transportation and logistics technologies and related services in areas such as radio frequency identification (RFID), satellite-based communication, mobile asset tracking, security applications and comprehensive toll system and processing services. The Company's application expertise and technology are used to automate traffic control and toll systems, increase asset productivity, and automate business processes. Customers, located primarily in North America, include tolling authorities and a wide range of businesses with security and asset location and tracking requirements.
AIG affiliated entities invested in TransCore in February 2001, alongside lead sponsor KRG Capital Partners, L.L.C. As a result of this transaction, AIG affiliated entities have completely exited their positions in TransCore.
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