Halma plc acquired FluxData Inc. from its private shareholders for $27.5 million.
January 08, 2017
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Halma plc (LSE:HLMA) acquired FluxData Inc. from its private shareholders for $27.5 million on January 9, 2017. Under the terms of the transaction, the cash consideration is of $12.2 million which and contingent consideration is of up to $15.5 million may be payable based on performance to March 31, 2019. The cash consideration is adjustable if the net assets are more or less than a pre-determined amount. The acquisition was funded from Halma's existing cash and debt facilities. FluxData will become part of Halma's environmental & analysis sector. As on December 31, 2016, FluxData reported revenue of $5.2 million. Existing management of FluxData will remain in place. The acquisition is expected to be immediately earnings enhancing. Rachel Hirst and Andrew Jaques of MHP Communications acted as public relation advisor for Halma plc. Joseph Corso, Chen Na, James Tong, Brian Chung of Stifel, Nicolaus & Company, Incorporated acted as financial advisors to FluxData, Inc. OEM Capital Corp. acted as financial advisor to Halma plc.
Halma plc (LSE:HLMA) completed the acquisition of FluxData Inc. from its private shareholders on January 9, 2017.
Halma plc specializes in design, manufacturing and marketing of security equipment. Net sales break down by family of products as follows:
- infrastructure surveillance sensors and industrial security equipment (42%): fire and smoke detectors, electronic elevator systems (door control systems, emergency communication equipment, display modules, etc.), automatic door sensors, single-use pressure relief valves, mechanical, electrical, and electromechanical interlocks, flammable and hazardous gas detection systems, etc.;
- healthcare equipment (29%): optical magnification and diagnostic equipment, fluid management systems (pumps, probes, valves, connectors, and tubes), etc. ;
- environmental analysis equipment (29%): photonic products, water storage, treatment, and analysis equipment, etc.
Net sales are distributed geographically as follows: the United Kingdom (15.1%), Europe (20.3%), the United States (42.2%), Asia/Pacific (15.2%), Africa/Near East/Middle East (3.4%) and other (3.8%).
HALMA PLC 
