Halma PLC Acquisition (2009C)
21 Febrero 2022 - 01:00AM
UK Regulatory
TIDMHLMA
RNS Number : 2009C
Halma PLC
21 February 2022
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 for
everyone every day, today announces that it has acquired
International Light Technologies, Inc. (ILT) for its Environmental
& Analysis sector business, Ocean Insight.
ILT, based in Peabody, Massachusetts, USA, is a leading
developer of technical lighting sources and light measurement
systems, which are used in biomedical, environmental, agricultural,
food and beverage, and industrial applications. The consideration
for ILT is US$26.6m (approximately GBP19.5m) on a cash and debt
free basis, which is payable in cash and funded from Halma's
existing facilities. For continuing operations, ILT's unaudited
revenue for the 12 months to 31 October 2021 was US$9.9m
(approximately GBP7.3m), and earnings before interest and tax was
US$2.7m (GBP2m).
Andrew Williams, Group Chief Executive of Halma, commented:
"ILT's focus on the generation and measurement of light is
highly aligned with Ocean Insight's mission to use the measurement
of light to expand scientific discovery, reduce waste and improve
the quality of life. ILT's products and services will bring
complementary capabilities and technologies to Ocean Insight,
allowing it to serve a greater range of customer needs."
For further information, please contact:
Halma plc
Andrew Williams, Group Chief Executive +44 (0)1494 721111
Marc Ronchetti, Chief Financial Officer
Charles King, Head of Investor Relations +44 (0) 7776 685948
Clayton Hirst, Director of Corporate Affairs +44 (0) 7384 796
013
MHP Communications
Andrew Jaques / Rachel Farrington +44 (0)20 3128 8572
A copy of this announcement, together with other information
about Halma, is available at www.halma.com.
About Halma
Halma is a global group of life-saving technology companies,
focused on growing a safer, cleaner, healthier future for everyone,
every day.
Its purpose defines the three broad market areas where it
operates:
-- Safety: protecting life as populations grow and protecting worker safety.
-- Environment: addressing the impacts of climate change,
pollution and waste, protecting life-critical resources and
supporting scientific research.
-- Health: meeting rising healthcare demand as growing populations age and lifestyles change.
It employs over 7,000 people in more than 20 countries, with
major operations in the UK, Mainland Europe, the USA and Asia
Pacific. Halma is listed on the London Stock Exchange (LON: HLMA)
and is a constituent of the FTSE 100 index.
In January 2022, Halma was named one of Britain's Most Admired
Companies by Management Today.
Further information on ILT
Further information on ILT can be found at
https://www.intl-lighttech.com .
ENDS
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END
ACQTLMBTMTIBBPT
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