Acquisition of SphereOptics 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: SphereOptics, LLC
Based in New Hampshire, SphereOptics manufactures and distributes precision products for use in light metrology applications.
SphereOptics will be merged with Labsphere, Inc, a Halma Photonics business, also based in New Hampshire, within Halma's Health and Analysis sector. Both companies had similar histories, complementary technology and together they could achieve greater efficiencies of scale and greater utilization of shared resources and assets. Initial cash consideration of $2.5 million paid at closing plus a deferred purchase consideration of up to $3.5 million based in growth and profit before tax for the period ending March 2012.
Broker/Dealer: OEM Capital
Completion: January 2010