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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