Halma plc acquisition of SENSIT Technologies
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. SENSIT will become part of Halma's Process Safety sector and will continue to be led by its existing management team, who were significant shareholders, from its current location.
Seller: SENSIT Technologies
SENSIT Technologies designs, manufactures, and services a complete line of gas leak detection instruments, combustible gas indicators and confined space monitors. SENSIT’s product-line also includes vehicle mounted methane detectors and underground pipe locators.
SENSIT marked the 13th strategic acquisition Mike Simon has advised Halma on. SENSIT Technologies is a 2nd generation family-owned business looking for a strategic partner who could unlock the Company’s next stage of growth while preserving the culture and employees located in Valparaiso IN. The cash consideration for Sensit was $51.5 million (£39.6 million), on a cash and debt free basis.
Broker/Dealer: Hamilton Grant
Completion: January 2020