Halma PLC
18 April 2006
HALMA EXPANDS ITS PHOTONICS BUSINESS
Halma, the leading safety, health and sensor technology group, announces that on
13 April 2006 it completed the purchase of the whole of the issued share capital
of Mikropack GmbH Aufbautechnik in der Sensorik ('Mikropack') from Gerald
Nitsch, Dieter Steck and Photonics Investments B.V.
Mikropack, based in Stuttgart, Germany is a leading manufacturer of innovative,
high quality light sources and photonic accessories which are essential
components for analytical spectroscopic systems. This acquisition will enhance
Halma's world-leading photonic businesses and will play an important role in our
future optical sensor developments.
The consideration is €2,250,000 payable in cash on completion plus an additional
consideration of up to € 2,250,000 based on earnings from 1 January 2005 to 1
April 2006 and 2 April 2006 to 31 March 2007.
Andrew Williams, Halma's Chief Executive, commented 'Through our Ocean Optics
photonics business, we have used Mikropack's light source technology in a wide
range of spectroscopy measurement applications and end-markets for many years.
The acquisition not only secures this important technology but strengthens our
position in Europe and provides a better platform for further geographical
expansion of all of the Group's photonics products. Mikropack will join the
Ocean Optics group of businesses to enable these goals to be achieved.'
For further information, please contact:
Halma p.l.c. +44 (0)1494 721111
Andrew Williams, Chief Executive
Kevin Thompson, Finance Director
Hogarth Partnership Limited +44 (0)20 7357 9477
Rachel Hirst/Andrew Jaques
A copy of this announcement, together with other information about Halma, may be
viewed on its website: www.halma.com
This information is provided by RNS
The company news service from the London Stock Exchange
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