Picture of Halma logo

HLMA Halma News Story

0.000.00%
gb flag iconLast trade - 00:00
TechnologyBalancedLarge CapHigh Flyer

REG - Halma PLC - Acquisition

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230804:nRSD2892Ia&default-theme=true

RNS Number : 2892I  Halma PLC  04 August 2023

Halma plc

('Halma' or the 'Group')

Acquisition

 

Halma, the global group of life-saving technology companies, today announces
that it has acquired Lazer Safe Pty. Ltd. (Lazer Safe).

 

Headquartered in Perth, Australia, Lazer Safe designs and manufactures safety
solutions for industrial press brake applications. Its laser technology is
designed to protect workers when operating machinery used to fabricate sheet
metal. Its modular products are used in a wide range of industrial end markets
and are 'SIL 3' certified by the International Electrotechnical Commission.

 

The cash consideration for Lazer Safe is AUD45m (approximately £23m) on a
cash- and debt-free basis, to be funded from Halma's existing facilities.
Lazer Safe's unaudited revenue for the 12 months to 31 March 2023
was AUD21.8m (approximately £11.2m), with Return on Sales at the upper end
of Halma's target range of 18-22%. Lazer Safe will be a standalone company
within Halma's Safety sector.

 

Marc Ronchetti, Group Chief Executive of Halma, commented:

 

"Lazer Safe further strengthens Halma's position in industrial safety where
long-term growth is driven by increasing regulation and the need for greater
efficiency and employee safety. Lazer Safe is highly aligned to our purpose of
protecting people and their environment to grow a safer, cleaner and healthier
future for everyone, every day. We are delighted to welcome a company that
will serve as an important addition to Halma's portfolio of machine and
industrial safety technology."

 

Ian Costley, Co-Founder and Chief Executive Officer of Lazer Safe, commented:

 

"Growth across industries like automotive, mass transportation, construction
and energy generation is creating an increased demand for press brake machines
driven by the rising consumption of sheet metal. By joining Halma, Lazer Safe
can continue to grow internationally, helping more manufacturers protect their
workforce, adapt to increasing safety regulations and enhance productivity."

 

For further information, please contact:

 

Halma plc

Marc Ronchetti, Group Chief
Executive

Steve Gunning, Chief Financial Officer

Melanie Horton, Deputy Head of Investor Relations        +44 (0) 7554
013 396

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

 

MHP

Oliver Hughes / Rachel Farrington / Ollie Hoare
                 +44 (0)20 3128 8622 / 8613 / 8276

 

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 markets it operates in:

·    Safety - Protecting people's safety and the environment as
populations grow, and enhancing worker safety.

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

·    Health - Meeting the increasing demand for better healthcare as
chronic illness rises, driven by growing and ageing populations and lifestyle
changes.

 

Halma employs over 8,000 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.

 

Halma has been named as one of Britain's Most Admired Companies for the past
five years.

 

For more information: www.halma.com (http://www.halma.com/)

 

Further information on Lazer Safe is available at www.lazersafe.com
(http://www.lazersafe.com/) .

 

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  ACQPJMBTMTMMTJJ

Recent news on Halma

See all news