Acquisition

RNS Number : 1702C

Halma PLC

02 March 2011

 



Halma p.l.c. ('Halma') ACQUISITION OF WAGTECH INTERNATIONAL'S WATER TECHNOLOGY DIVISION Halma, the leading safety, health and sensor technology group, announces the acquisition of the Water Technology Division of Wagtech International Limited on 1 March 2011 for cash consideration of £3.0 million. The acquisition, which is earnings enhancing, has been funded from Halma's existing cash and debt facilities. The acquired business will be merged with Palintest Limited, based in Gateshead, UK, which is one of Halma's Water analysis businesses within our Health and Analysis sector.  Andrew Williams, Halma's Chief Executive, commented: "Wagtech Water Technology Division's range of water and environmental testing products fits closely with Palintest's existing activities and increases its presence within developing regions such as Africa and Asia where Wagtech has strong brand recognition."  For further information please contact:

Halma p.l.c. Andrew Williams, Chief Executive Kevin Thompson, Finance Director	[phone]
MHP Communications Rachel Hirst/Andrew Jaques	[phone]

Notes

1.	A copy of this announcement, together with other information about Halma and its Water businesses, may be viewed on its website:  www.halma.com.
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.

 

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