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Halma PLC - Buckinghamshire, England-based global group of safety equipment companies - Acquires Perth, Australia-based company Lazer Safe Pty Ltd. Lazer Safe designs and manufactures safety solutions for industrial press brake applications using laser technology. It generated A$21.8 million in revenue for the year ended March 31. Halma will pay A$45 million, approximately £23 million, cash consideration to be funded from its existing facilities. Lazer Safe will be a stand-alone company within Halma’s Safety sector.
Halma Chief Executive Mark Ronchetti says: ‘Lazer Safe further strengthens Halma’s position in industrial safety where long-term growth is driven by increasing regulation and the need for greater efficiency and employee safety. [It] is highly aligned to our purpose of protecting people and their environment...We are delighted to welcome a company that will serve as an important addition to Halma’s portfolio of machine and industrial safety technology.’
Current stock price: 2,129.00 pence, down 1.8% in London on Friday
12-month change: down 8.6%
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