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. 

 

Transaction Details:

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

Copyright © 2021 American Corporate Services, All rights reserved.  Securities are offered by registered representatives of and transacted through Hamilton Grant, LLC, member FINRA and SIPC.  For more information on Hamilton Grant visit  www.hamiltongrant.com. Hamilton Grant and ACS are not affiliated.  
 
Site development by LMS Productions