Halma plc acquisition of Medicel AG and Robutec GmbH
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: Medicel AG and Robutec GmbH
Medicel is a leader in the design and manufacture of single-use injector devices for Intra
Ocular Lenses (IOL) used for cataract surgery and also manufactures phacoemulsification products used in the same procedure. Robutec is a specialist medical device assembly and packaging business and is Medicel’s largest supplier.
Medicel will join Halma’s Health and Analysis sector within the Health Optics sub-sector which already includes Keeler, Volk and Riester, further expanding Halma’s footprint in ophthalmic diagnostic and surgical instrumentation. The initial cash consideration is CHF70.0 million (£46.6 million) and is adjustable, CHF for CHF, based on the level of net tangible assets at closing.
Broker/Dealer: OEM Capital
Completion: March 2011