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Halma acquires US oxygen products maker Maxtec for US$20mln

Published: 18:24 21 Feb 2020 AEDT

Halma - Halma acquires US oxygen products maker Maxtec

Halma PLC (LON:HLMA) has acquired US oxygen products maker Maxtec for US$20mln.

Maxtec specialises in respiratory care, including oxygen sensors and analysers for use in hospital acute care units, although it serves non-medical industries as well.

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It will be managed as part of Halma's Perma Pure business and will become part of Halma's medical sector.

The firm’s revenue and adjusted underlying earnings for the year to last March were US$20.4mln and US$1.8mln, respectively.

The FTSE 100 producer of lift door sensors and smoke alarms said the transaction will be funded on a cash and debt-free basis using existing facilities.

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