Halma acquire FluxData
Halma plc, are one of the world’s leading safety, health and environmental firms, as they own companies that make products for things like hazard detection, life protection and many other essential industry tools. Now, they have acquired a high-tech American company to expand their portfolio even more.
Based in Buckinghamshire, in England, Halma are not a company you will see in the news very often, as their products and services are not exactly glamourous. But, as their sales figures and continued performance show, they are essential to a range of industries.
They are now growing their business with the acquisition of FluxData, a New York-based firm that design and manufacture advanced, multispectral and digital imaging systems across multiple sectors including industrial and medical applications.
The ‘cash consideration’ of the deal is $12 million, with a further contingent consideration of up to $15.5 million, based on performance until March 2019. This means that the deal for the American imaging firm could cost up to $27.5 million.
Andrew Williams, chief executive of Halma, said in a statement: “FluxData's strength in developing complete multispectral imaging (MSI) systems, including software and data analysis, builds on the MSI capabilities that already exist within our Environmental & Analysis sector.
“The value of this acquisition will come not only from enhancing FluxData's ability to service existing customers but also from the opportunity to access new sectors and geographies through Halma’s strengths in safety, medical and environmental markets globally."
FluxData will become part of Halma’s environmental and analysis sector, according to a press release, with their current management set to stay in place following the acquisition.
Halma’s group consists of nearly 50 businesses in more than 20 countries.
Dominion holds Halma plc in its Global Trends Managed Fund.
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