REG - Halma PLC - Acquisition

HalmaAnnouncement

14/04/2022 07:16

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220414:nRSN3458Ia&default-theme=true

RNS Number : 3458I  Halma PLC  14 April 2022

Halma plc ('Halma' or the 'Group')

Acquisition

Halma, the global group of life-saving technology companies focused on growing
a safer, cleaner and healthier future for everyone every day, today announces
that it has acquired Deep Trekker Inc. (Deep Trekker).

Headquartered in Ontario, Canada, Deep Trekker is a market-leading
manufacturer of remotely operated underwater robots used for inspection,
surveying, analysis and maintenance. It serves markets including aquaculture,
renewable energy and ocean science and research.

The cash consideration for Deep Trekker is Can$60m (approximately £36m) on a
cash and debt free basis, which will be funded from Halma's existing
facilities. Deep Trekker's unaudited revenue for the 12 months to 31 December
2021 was Can$20.0m (approximately £12m), with Return on Sales above Halma's
target range of 18-22%. Deep Trekker will be part of Halma's Environmental
& Analysis sector.

Andrew Williams, Group Chief Executive of Halma, commented:

"Deep Trekker is an exciting addition to Halma, which is highly aligned with
our purpose, both in terms of helping to ensure a cleaner environment, and in
improving the safety of underwater inspections. It offers new opportunities
for growth in a number of markets, driven by increasing health, safety and
environmental regulation, and global efforts to address climate change, waste
and pollution."

For further information, please contact:

Halma plc

Andrew Williams, Group Chief
Executive
+44 (0)1494 721111

Marc Ronchetti, Chief Financial Officer

Charles King, Head of Investor
Relations
+44 (0) 7776 685948

Clayton Hirst, Director of Corporate Affairs
                     +44 (0) 7384 796 013

MHP Communications

Andrew Jaques / Rachel Farrington
                           +44 (0)20 3128 8572

A copy of this announcement, together with other information about Halma, is
available at www.halma.com.

About Halma

Halma is a global group of life-saving technology companies, focused on
growing a safer, cleaner, healthier future for everyone, every day.

Its purpose defines the three broad market areas where it operates:

·    Safety: protecting life as populations grow and protecting worker
safety.

·    Environment: addressing the impacts of climate change, pollution and
waste, protecting life-critical resources and supporting scientific research.

·    Health: meeting rising healthcare demand as growing populations age
and lifestyles change.

It employs over 7,000 people in more than 20 countries, with major operations
in the UK, Mainland Europe, the USA and Asia Pacific. Halma is listed on
the London Stock Exchange (LON: HLMA) and is a constituent of the FTSE 100
index.

In January 2022, Halma was named one of Britain's Most Admired Companies by
Management Today.

Further information on Deep Trekker

Founded in 2010, Deep Trekker is headquartered in Kitchener, Ontario, Canada.
It has 75 employees. It designs and manufactures remotely-operated underwater
vehicles, CCTV pipe crawlers, utility crawlers and submersible cameras, for
use in a wide range of applications and markets. The Americas accounts for
approximately two-thirds of Deep Trekker's revenue, with Europe approximately
15%, with the remainder split between Asia and the rest of the world. Further
information on Deep Trekker can be found at www.deeptrekker.com .

ENDS

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ACQIJMTTMTJBTJT