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Halma plc acquisition of CenTrak

 

Client and Buyer:  Halma PLC

Halma is a UK based global group of life-saving technology companies.  Halma is a member of the FTSE-100 with shares traded on the London Stock Exchange (HLMA.L).  Halma is organized into three sectors: Safety, Medical and Environmental & Analysis. 

 

Seller:  CenTrak

Based in Newtown PA CenTrak improves healthcare operational workflow and the quality of patient care via the industry’s most robust and scalable Enterprise Location Services offering. With a unique combination of technology and the largest selection of tags for all types of patient care environments, CenTrak enables healthcare facilities to maximize the ROI from their Real-Time Location System (RTLS) platform.

 

Transaction Details:

CenTrak is a strategic fit for Halma’s other patient monitoring companies including SunTech (blood pressure), Cardios (heart monitoring) and Riester (examination equipment).  CenTrak’s electronic technology also complements technology at other Halma companies including Texecom and BEA. Cash consideration is $140 million (£95.9 million).

 

Broker/Dealer:  Aaron Capital

Completion:  February 2016