Halma PLC - Acquisition
Halma, the leading safety, health and environmental technology group, today announces that it has acquired
Sensit manufactures equipment and designs technologies that enable natural gas utilities to detect leaks in their pipes, protecting workers in the natural gas distribution industry, ensuring compliance with regulatory standards, and reducing climate change effects by minimising emissions of methane. Their technology is also used in emergency response situations by firefighters facing explosion risk due to leaking natural gas.
Sensit will become part of Halma's Process Safety sector and will continue to be led by its existing management team, who were significant shareholders, from its current location.
The cash consideration for Sensit is
Sensit's unaudited revenue and Adjusted EBIT for the twelve months ended
"Sensit enhances Halma's gas detection capabilities, with its strong market position and technological capabilities in the natural gas leak detection market. Its growth is supported by tightening safety and environmental regulatory standards, which protect communities and workers from hazards, and minimise climate change impacts. We look forward to working with its management team and continuing its strong track record of growth supported by Halma's strategic Growth Enablers."
For further information, please contact:
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Switchboard: +44 (0)1494 721111
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Mobile: +44 (0)7776 685948
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+44 (0)20 3128 8771
Halma is a global group of life-saving technology companies, focused on creating a safer, cleaner and healthier future for people worldwide. Our innovative products and solutions address many of the key issues facing the world today. We operate in four sectors: Process Safety, Infrastructure Safety, Environmental & Analysis and Medical. We employ over 6,000 people in 20 countries, with major operations in
1. US Dollar (US$) values are translated throughout this announcement at a rate of
2. This statement is not intended to constitute a profit forecast for the current financial period or for any future period. In addition, this statement should not be taken to mean that the earnings per share of Halma will necessarily match or exceed the historic reported earnings per share of Halma.
3. For more information on Halma's Growth Enablers visit: https://www.halma.com/how-we-grow#page-intro-2
This information is provided by RNS, the news service of the
Quick facts: Halma
Market Cap: £7.31 billion
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