REG - Halma PLC - Acquisition

HalmaAnnouncement

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RNS Number : 6276W  Halma PLC  26 August 2025

 

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

Acquisition

 

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

 

Founded in 1994 and headquartered in The Netherlands, Brownline is a provider
of advanced gyroscopic locating systems which are used by Horizontal
Directional Drilling (HDD) contractors in trenchless underground drilling.
Brownline's principal markets are: energy, including traditional, renewable
and distributed energy systems; fibre connectivity; and water. Its sales are
principally to North America, continental Europe and the UK, and it has
offices in the Netherlands, the US, Canada, the UK and Australia.

 

The cash consideration for Brownline is €150m (approximately £129m), on a
cash- and debt-free basis, to be funded from Halma's existing facilities.
Brownline's unaudited revenue for the 12 months to 31 March 2025 was €37m
(approximately £32m). Brownline will be a standalone company within Halma's
Environmental & Analysis Sector, led by its current management team.

 

Marc Ronchetti, Group Chief Executive of Halma, commented: "Brownline's
technology is a game-changer for safely installing underground infrastructure.
Its ability to deliver pinpoint accuracy without surface disruption is
increasingly vital as cities continue to expand and electrification
accelerates. Brownline is a strong strategic fit with Halma's purpose,
supporting the global energy transition. We're proud to welcome the company to
Halma and look forward to supporting its continued growth and success."

 

Bertjan Molenaar, Founder and CEO of Brownline said: "I would like to thank
Mentha for their partnership over the last 7 years during which we made great
progress in further professionalising the company and growing our business.
Joining Halma marks an exciting new chapter for Brownline. We've built our
reputation on precision, innovation, and reliability-values that align closely
with Halma's purpose and long-term vision. Their decentralised model gives us
the autonomy to continue doing what we do best, while benefiting from the
strength of a global group committed to solving critical infrastructure
challenges."

 

For further information, please contact:

 

Halma plc

Marc Ronchetti, Group Chief Executive                  +44 (0)1494
721111

Carole Cran, Group Chief Financial Officer

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

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

 

 

MHP

Oliver Hughes / Rachel Farrington / Ollie Hoare            +44
(0)7817 458 804

 

A copy of this announcement, together with other information about Halma, is
available at www.halma.com
(https://protect.checkpoint.com/v2/r06/___http:/www.halma.com___.ZXV3MjpuZXh0MTU6YzpvOmEzODUzY2FjNTA2MjY3NWQ5MjkwM2M2MWEzMTlhZDYzOjc6NzBhOTo3N2FkOGZjZWI3ZTBjYmFjMzc2OTc5OTllNTY2OGY2Nzc4OGNkMDU3OWVmYzY2ZTE4MDk5MmE3N2RjNWNhNjQ5OnA6RjpU)
.

 

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 the safety of people and assets as
populations grow and the demand on infrastructure increases.

·        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.

 

It employs over 9,000 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
six years.

 

For more information www.halma.com
(https://protect.checkpoint.com/v2/r06/___http:/www.halma.com/___.ZXV3MjpuZXh0MTU6YzpvOmEzODUzY2FjNTA2MjY3NWQ5MjkwM2M2MWEzMTlhZDYzOjc6MTM2OToxOTNiOTExNGVhZjgwMTdmZmUyNjgzYjBkN2FmODI1ZjM3MTFiNzY2NzAxOTRjNTNhMzlhNzYwM2EyZGI2ZWQwOnA6RjpU)

 

ENDS

 

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