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.

 

Transaction Details:

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