![Halma Sensorex Tombstone.jpg](https://static.wixstatic.com/media/5cb220_8af4052a89114a5eb0ed9f88fbf550ba~mv2.jpg/v1/fill/w_260,h_290,al_c,q_80,usm_0.66_1.00_0.01,enc_auto/Halma%20Sensorex%20Tombstone.jpg)
Acquisition of Sensorex by Halma plc
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: Sensorex
Based in Garden Grove California Sensorex manufactures electrochemical sensors for water analysis applications. Its wide range of sensors and associated accessories are incorporated by OEMs manufacturing single and multi-parameter probes and instruments for monitoring water quality. The company's customers supply the growing environmental, drinking water, wastewater, life sciences and pharmaceutical markets.
Transaction Details:
Sensorex was identified as a strategic fit for Halma’s water division and aligned with Halma’s mission to “grow a safer, cleaner and healthier future for everyone, everyday.” The business was not for-sale, private shareholders were approached, and direct negotiations resulted in a closed deal without an auction. The cash consideration is $37.5 million (£23.4 million) and is adjustable Dollar for Dollar based on the level of net tangible assets at closing.
Broker/Dealer: OEM Capital
Completion: April 2012