TIDMHLMA

RNS Number : 2511J

Halma PLC

21 December 2020

Halma plc ('Halma' or the 'Group')

Acquisition

Halma, the global group of life-saving technology companies focused on growing a safer, cleaner and healthier future, today announces that it has acquired Static Systems Holdings Limited ("Static Systems"), based in Wolverhampton, UK.

Static Systems is a designer, manufacturer and installer of critical communication systems, which are central to UK healthcare trusts' patient care infrastructure. Its technology enables hospital patients to alert healthcare specialists in an emergency, protecting lives and increasing the response time of care provided.

The cash consideration for Static Systems is GBP37m, on a cash and debt free basis, which will be funded from Halma's existing facilities. Static Systems' unaudited revenue for the twelve months to the end of November 2020 was GBP20.1m(2) , with return on sales broadly in line with the lower end of the Group's range.

Andrew Williams, Group Chief Executive at Halma, commented:

"Static Systems is highly aligned with our purpose and further extends our communications presence across multiple healthcare settings. In addition to opportunities for growth in international markets and through deeper clinical and technological integration, it is envisaged that Static Systems will provide a route to the UK healthcare market for certain existing products and services within Halma's Medical sector, including CenTrak's Real-Time Locating Systems."

 
For further information, please 
 contact: 
Halma plc 
Andrew Williams, Group Chief 
 Executive                        +44 (0)1494 721111 
Marc Ronchetti, Chief Financial 
 Officer 
Investor Relations                +44 (0)7469 851962 
 
  MHP Communications 
Andrew Jaques / Giles Robinson    +44 (0)20 3128 8788 
 

A copy of this announcement, together with other information about Halma, may be viewed on its website: www.halma.com

Notes

 
 Halma is a global group of life-saving technology companies, 
  focused on growing a safer, cleaner and healthier future for 
  everyone, every day. Our innovative products and solutions 
  address many of the key issues facing the world today. The 
  Group comprises four business sectors: 
            -- Process Safety             Technologies that protect people 
                                           and assets at work. 
            -- Infrastructure Safety      Technologies that save lives, protect 
                                           infrastructure and enable safe movement 
                                           in public spaces. 
            -- Environmental & Analysis   Technologies to improve environmental 
                                           protection and the security of life-critical 
                                           resources. 
            -- Medical                    Technologies which enhance the quality 
                                           of life for patients and improve 
                                           the quality of care delivered by 
                                           healthcare providers. 
 
 
 The key characteristics of Halma's businesses are specialist 
  technology and application knowledge for niches within markets 
  offering strong long-term growth potential. Many Group businesses 
  are market leaders in their specialist fields. 
 

1. Static Systems' primary market is within UK Healthcare, including wired and wireless nurse call systems, bedheads, and their in-house developed software integration platform. They are a leading provider of nurse call systems in the UK to the acute healthcare market. They also have a presence within international healthcare, correctional facilities' safety systems and fire alarm systems for complex commercial/residential properties and educational buildings. Static Systems has an established customer base, high levels of pipeline visibility into new UK healthcare projects and a technical support team to service its installed base.

   2.      Prepared in accordance with UK Generally Accepted Accounting Practices. 

3. For more information on Halma's Growth Enablers visit: https://www.halma.com/how-we-grow#page-intro-2

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END

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December 21, 2020 09:00 ET (14:00 GMT)

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