Halma PLC Acquisition (5374E)
October 19 2018 - 2:00AM
UK Regulatory
TIDMHLMA
RNS Number : 5374E
Halma PLC
19 October 2018
Halma, the leading safety, health and environmental technology
group, today announces the acquisition of Limotec bvba, a leading
fire control panel designer and manufacturer and fire system seller
in the Belgian market.
Limotec is based in Vichte, Belgium, and will become part of
Halma's Infrastructure Safety sector. Its existing management team
will remain with the business.
The cash consideration for Limotec of EUR9.3 million (GBP8.2
million), on a cash and debt free basis, was funded from Halma's
existing facilities. The acquisition was completed on 18 October,
and is expected to be earnings enhancing. Limotec's revenue in its
last financial year to end December 2017 was EUR6.7 million (GBP5.9
million).
Andrew Williams, Halma's Chief Executive, commented:
"Limotec strengthens our presence in continental Europe,
bringing strong brand equity and robust technology to further
enable us to capitalise on growth trends in fire detection,
including increasing regulation and digitalisation. This
acquisition follows our successful acquisition of Advanced
Electronics in the UK in 2014 and is a further example of our
strategy to acquire regional partners to accelerate growth in our
core Fire Detection markets."
For further information, please contact:
Halma plc
Tel: +44 (0)1494 721111
Andrew Williams, Chief Executive
Marc Ronchetti, Chief Financial Officer
Charles King, Head of Investor Relations
MHP Communications
Tel: +44 (0)20 3128 8100
Rachel Hirst/Andrew Jaques
About Halma
Halma is a market leader in specialist safety, health and
environmental technologies, creating a safer, cleaner and healthier
future for people worldwide. We target markets where sustainable
growth and high returns are supported by long-term drivers. We
operate in four sectors: Process Safety, Infrastructure Safety,
Medical and Environmental & Analysis. We employ over 6,000
people in 20 countries, with major operations in Europe, the USA
and Asia-Pacific. In the year to 31 March 2018, the Group's
revenues exceeded GBP1bn for the first time. Halma is listed on the
London Stock Exchange and has been a member of the FTSE 100 index
since December 2017.
Notes
1. Further information on Limotec can be found on its website www.limotec.be
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. Euro values were translated at a rate of EUR1.14:GBP1.
4. Halma's results for the half year to 30 September 2018 will
be issued on 20 November 2018.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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