Halma PLC
11 August 2005
HALMA STRENGTHENS ITS WATER & ASSET
MONITORING CAPABILITIES
Halma, the leading safety, health and environmental technology group, announces
that on Wednesday 10 August 2005 it completed the purchase of the whole of the
issued share capital of Radio-Tech Limited (' Radio-Tech') from Brian Back and
Belinda Cepe.
Radio-Tech, based in Essex, UK is one of the leading manufacturers and suppliers
of wireless data transmission systems to the water industry and other industries
throughout Europe. Radio-Tech's technology will further enhance Halma's world-
leading water monitoring and leak detection businesses but will also allow it to
exploit growth in adjacent asset monitoring markets.
The consideration is £2,000,000 payable in cash on completion plus an additional
consideration of up to £2,500,000 based on earnings from completion through to
March 2007. Audited accounts for the year ended 30 September 2004 show sales of
£1,318,000 and profit before taxation of £205,000. Net assets at completion
must exceed £900,000. There has been significant growth in the company in the
ten months' trading since the last audited accounts date and the acquisition
will be immediately earnings enhancing.
Andrew Williams, Halma's Chief Executive, commented 'Radio-Tech's technology
fits closely with our water leak detection and monitoring businesses where
remote data collection and processing is becoming increasingly important.
Radio-Tech's innovative technologies could also have applications in other Group
sectors where wireless communications to collect data from sensors monitoring
assets is growing.'
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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