On the disposal side, Halma completed the sale of Texecom, a provider of electronic security systems, to the current management team supported by LDC, a UK-based mid-market private equity investor. “Each acquisition is strongly aligned with our purpose and financial model and will bring complementary capabilities including new technologies and broader market reach.” "I am pleased that we have continued to find exciting new companies to join Halma,” said Andrew Williams, group chief executive at Halma. In the Environmental & Analysis sector, Halma bought Dancutter A/S, a Danish designer and manufacturer of trenchless pipeline rehabilitation equipment, for €18mln in cash and Sensitron S.r.l., a Milan-based gas detection company for €21mln, also in cash.Īll three of the companies were acquired on a debt-free basis. UK-based Ramtech supplies wireless fire systems for temporary sites, primarily in the construction industry. In the Safety sector, Halma acquired the Ramtech group of companies for £15.5mln in cash. Halma operates in three sectors - Safety, Environmental & Analysis and Medical. Their combined profitability is within Halma's target range of 18%-22% return on sales, it said. Halma said the acquisitions had an aggregate reported revenue of about £20.5mln in the year to end March 2021. Halma PLC ( LSE:HLMA) ( LSE:HLMA) announced a flurry of corporate activity, completing three acquisitions for a total of £48.8mln and the sale of Texecom Ltd for £65mln in cash. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Proactive will on occasion use automation and software tools, including generative AI. The team also has access to and use technologies to assist and enhance workflows. Our human content creators are equipped with many decades of valuable expertise and experience. Proactive has always been a forward looking and enthusiastic technology adopter. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. This is content that excites and engages motivated private investors. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. Proactive leads the world in up-to-the-minute, multi-media news provision, events organisation, investor relations management and investor research
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