$150m earmarked for acquisitions
Cincinnati, OH (June 22, 2010) – Halma p.l.c., the leading global safety, health and sensor technology group, has announced record results with profits up 9% to $125m and revenue rising by 1% to $665m. The UK-based group, which includes fluid technology companies Diba Industries, BioChem Fluidics, Perma Pure, and Aquionics, has posted strong financials to raise shareholder dividends by 7%, the thirty-first consecutive year of increases. Halma’s 11 US subsidiaries generate about 30% of its revenue. The company plans to augment its organic growth efforts through acquisition of complementary technology companies, as it has done for many years.
Halma’s subsidiaries operate in three main market sectors: Health and Analysis (which includes fluid technology), Infrastructure Sensors, and Industrial Safety, creating shareholder value with consistent organic growth and sound acquisitions. Halma companies operate as independent entities under the day-to-day direction of their local management, while reaping the capital and network benefits of a larger multi-national parent.
The company is seeking successful and profitable companies that are closely allied to any of its current market sectors although fluid technology is a particular focus. It has $150m earmarked for acquisitions.
Halma’s fluid technology companies make critical components such as pumps, valves, probes, connectors and tubing used by scientific and medical diagnostic instrument manufacturers for demanding fluid handling applications. Its companies also manufacture dryers, humidifiers, and sample conditioning components and equipment used in medical, environmental and scientific analytical equipment. Its UV water treatment equipment is used all over the world in a wide variety of applications for progressive, non-chemical disinfection and microbiological control.
“There continues to be strong demand for our fluid technology products, both on the component and the water treatment side,” explains Chuck Dubois, Divisional Chief Executive of Halma’s Fluid Technology Division. “Scientific and medical diagnostic fields are expanding with new equipment and technology. Water resources and access to safe, clean water are global concerns. We are looking for companies with products and technologies that can meet these demands. The capital, marketing and technical resources Halma can offer, to the right company, can enable these technologies to reach their full market potential.”
To present potential acquisitions opportunities, please contact Chuck Dubois (firstname.lastname@example.org), Divisional Chief Executive; 4 Precision Road, Danbury, CT 06810; Tel: 203.731.0200.