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Halma Plc

Halma PLC Acquisition of Business Marketers Group Inc.

Halma PLC (LON:HLMA), the leading safety, health and environmental technology group, today announced the acquisition of Business Marketers Group Inc., trading as Rath Communications, a provider of emergency communication systems for Areas of Refuge in the USA. [see notes 1 and 2].

Rath is based in Wisconsin, USA, and will become part of the Group’s Infrastructure Safety Sector. The cash consideration for Rath of US$42.4 million (£32.6 million)3, on a cash and debt free basis, was funded from Halma’s existing facilities. The acquisition was completed on 17 January 2019 and is expected to be immediately earnings enhancing. Rath’s unaudited revenue for the financial year ended December 2018 was US$15.9 million (£12.2 million)3.

Andrew Williams, Halma’s Chief Executive, commented:

“Rath extends Halma’s safety communications capabilities and adds a new market niche with its strong position in the Area of Refuge communications market in the USA, where growth is being supported by tightening regulatory standards. Rath is also well positioned to benefit from Halma’s strategic Growth Enablers, bringing the potential for collaboration with other Halma businesses in elevator safety and healthcare to drive expansion into adjacent markets focused on the care and safety of the elderly and disabled people. We look forward to working with Rath’s management team and continuing its strong track record of growth.”