Last checked at 21 Dec 2020 14:00
Halma plc ('Halma' or the 'Group')
Acquisition
Halma, the global group of life-saving technology companies focused on growing a safer, cleaner and healthier future, today announces that it has acquired Static Systems Holdings Limited ("Static Systems"), based in Wolverhampton, UK.
Static Systems is a designer, manufacturer and installer of critical communication systems, which are central to UK healthcare trusts' patient care infrastructure. Its technology enables hospital patients to alert healthcare specialists in an emergency, protecting lives and increasing the response time of care provided.
The cash consideration for Static Systems is £37m, on a cash and debt free basis, which will be funded from Halma's existing facilities. Static Systems' unaudited revenue for the twelve months to the end of November 2020 was £20.1m2, with return on sales broadly in line with the lower end of the Group's range.
Andrew Williams, Group Chief Executive at Halma, commented:
"Static Systems is highly aligned with our purpose and further extends our communications presence across multiple healthcare settings. In addition to opportunities for growth in international markets and through deeper clinical and technological integration, it is envisaged that Static Systems will provide a route to the UK healthcare market for certain existing products and services within Halma's Medical sector, including CenTrak's Real-Time Locating Systems."
For further information, please contact:
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Halma plc | |
Andrew Williams, Group Chief Executive | +44 (0)1494 721111 |
Marc Ronchetti, Chief Financial Officer | |
Investor Relations | +44 (0)7469 851962 |
MHP Communications | |
Andrew Jaques / Giles Robinson | +44 (0)20 3128 8788 |
A copy of this announcement, together with other information about Halma, may be viewed on its website: www.halma.com
Notes
Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner and healthier future for everyone, every day. Our innovative products and solutions address many of the key issues facing the world today. The Group comprises four business sectors:
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· Process Safety | Technologies that protect people and assets at work. |
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· Infrastructure Safety | Technologies that save lives, protect infrastructure and enable safe movement in public spaces. |
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· Environmental & Analysis | Technologies to improve environmental protection and the security of life-critical resources. |
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· Medical | Technologies which enhance the quality of life for patients and improve the quality of care delivered by healthcare providers. |
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The key characteristics of Halma's businesses are specialist technology and application knowledge for niches within markets offering strong long-term growth potential. Many Group businesses are market leaders in their specialist fields. |
1. Static Systems' primary market is within UK Healthcare, including wired and wireless nurse call systems, bedheads, and their in-house developed software integration platform. They are a leading provider of nurse call systems in the UK to the acute healthcare market. They also have a presence within international healthcare, correctional facilities' safety systems and fire alarm systems for complex commercial/residential properties and educational buildings. Static Systems has an established customer base, high levels of pipeline visibility into new UK healthcare projects and a technical support team to service its installed base.
2. Prepared in accordance with UK Generally Accepted Accounting Practices.
3. For more information on Halma's Growth Enablers visit: https://www.halma.com/how-we-grow#page-intro-2