(Sharecast News) - Technology group Halma on Thursday said it had bought Canadian underwater robot maker Deep Trekker for CAN $60m (£36m).
Headquartered in Ontario, Canada, Deep Trekker makes remotely operated underwater robots used for inspection, surveying, analysis and maintenance. It serves markets including aquaculture, renewable energy and ocean science and research, Halma said.
The deal will be funded from Halma's existing facilities. Deep Trekker's unaudited revenue for the 12 months to December 31, 2021 was CAN $20m with return on sales above Halma's target range of 18%-22%.
Deep Trekker will be part of Halma's Environmental & Analysis sector.
Halma (HLMA)