TIDMHLMA
RNS Number : 8859S
Halma PLC
19 November 2021
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 Infinite
Leap, Inc. (Infinite Leap) for its Medical sector business,
CenTrak, which provides real-time location services for healthcare
facilities.
Infinite Leap is a healthcare consulting and services provider
for real-time location technologies, based in Fargo, North Dakota,
USA, which is also developing unique new hardware and software
solutions for applications adjacent to CenTrak's core market. The
initial cash consideration is US$30m (approximately GBP22m), on a
cash and debt free basis, which will be funded from Halma's
existing facilities. Additional earn-out considerations are payable
in cash, based on growth targets in each of the two financial years
to 30 September 2023, up to an aggregate maximum of US$17m
(approximately GBP13m). Infinite Leap's unaudited revenue for the
12 months to 31 March 2021 was US$6.8m (approximately GBP5m) (see
"Further information on Infinite Leap" below for further
details).
Andrew Williams, Group Chief Executive of Halma, commented:
"Infinite Leap is an exciting acquisition that will enhance
CenTrak's capabilities as an end-to-end enterprise solutions
provider for healthcare organisations. It will enable CenTrak to
broaden its services, solutions and technologies to support the
growing needs of healthcare providers, particularly larger
organisations with networks of healthcare facilities, in the
post-pandemic world."
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: improving food and water quality, and monitoring air pollution.
-- 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 2021, Halma was named Britain's Most Admired Company
by Management Today.
Further information on Infinite Leap
Infinite Leap, based in Fargo, North Dakota, USA, is a
healthcare consulting and services provider for real-time location
technologies. The company delivers industry leading patient and
staff workflow software as well as end-to-end services - from
solution design and business planning to deployment, training, 24/7
support, and managed services. Infinite Leap has helped healthcare
providers successfully implement hundreds of projects and dozens of
unique use cases, including patient flow optimisation, asset
management, environmental monitoring, staff safety, wayfinding, and
more.
Infinite Leap's unaudited revenue for the 12 months to 31 March
2021 of US$6.8m (approximately GBP5m) was principally derived from
its Enterprise Solutions business, whose growth rate and return on
sales are above Halma's target ranges. The business also includes a
start-up, Prompt Health, which is developing a lower-cost hardware
and software solution for use the ambulatory (out-patient) sector.
Prompt Health is currently loss-making and is expected to become
profitable over the next 2 to 3 years.
More information on Infinite Leap is available at
www.infiniteleap.net.
ENDS
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END
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