Halma PLC Acquisition (3458I)
14 Abril 2022 - 01:10AM
UK Regulatory
TIDMHLMA
RNS Number : 3458I
Halma PLC
14 April 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 Deep
Trekker Inc. (Deep Trekker).
Headquartered in Ontario, Canada, Deep Trekker is a
market-leading manufacturer of remotely operated underwater robots
used for inspection, surveying, analysis and maintenance. It serves
markets including aquaculture, renewable energy and ocean science
and research.
The cash consideration for Deep Trekker is Can$60m
(approximately GBP36m) on a cash and debt free basis, which will be
funded from Halma's existing facilities. Deep Trekker's unaudited
revenue for the 12 months to 31 December 2021 was Can$20.0m
(approximately GBP12m), with Return on Sales above Halma's target
range of 18-22%. Deep Trekker will be part of Halma's Environmental
& Analysis sector.
Andrew Williams, Group Chief Executive of Halma, commented:
"Deep Trekker is an exciting addition to Halma, which is highly
aligned with our purpose, both in terms of helping to ensure a
cleaner environment, and in improving the safety of underwater
inspections. It offers new opportunities for growth in a number of
markets, driven by increasing health, safety and environmental
regulation, and global efforts to address climate change, waste and
pollution."
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 Deep Trekker
Founded in 2010, Deep Trekker is headquartered in Kitchener,
Ontario, Canada. It has 75 employees. It designs and manufactures
remotely-operated underwater vehicles, CCTV pipe crawlers, utility
crawlers and submersible cameras, for use in a wide range of
applications and markets. The Americas accounts for approximately
two-thirds of Deep Trekker's revenue, with Europe approximately
15%, with the remainder split between Asia and the rest of the
world. Further information on Deep Trekker can be found at
www.deeptrekker.com .
ENDS
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END
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April 14, 2022 02:10 ET (06:10 GMT)
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