Last checked at 4 Aug 2023 07:00
Halma plc('Halma' or the 'Group')
Acquisition
Halma, the global group of life-saving technology companies, today announces that it has acquired Lazer Safe Pty. Ltd. (Lazer Safe).
Headquartered in Perth, Australia, Lazer Safe designs and manufactures safety solutions for industrial press brake applications. Its laser technology is designed to protect workers when operating machinery used to fabricate sheet metal. Its modular products are used in a wide range of industrial end markets and are 'SIL 3' certified by the International Electrotechnical Commission.
The cash consideration for Lazer Safe is AUD45m (approximately £23m) on a cash- and debt-free basis, to be funded from Halma's existing facilities. Lazer Safe's unaudited revenue for the 12 months to 31 March 2023 was AUD21.8m (approximately £11.2m), with Return on Sales at the upper end of Halma's target range of 18-22%. Lazer Safe will be a standalone company within Halma's Safety sector.
Marc Ronchetti, Group Chief Executive of Halma, commented:
"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. Lazer Safe is highly aligned to our purpose of protecting people and their environment to grow a safer, cleaner and healthier future for everyone, every day. We are delighted to welcome a company that will serve as an important addition to Halma's portfolio of machine and industrial safety technology."
Ian Costley, Co-Founder and Chief Executive Officer of Lazer Safe, commented:
"Growth across industries like automotive, mass transportation, construction and energy generation is creating an increased demand for press brake machines driven by the rising consumption of sheet metal. By joining Halma, Lazer Safe can continue to grow internationally, helping more manufacturers protect their workforce, adapt to increasing safety regulations and enhance productivity."
For further information, please contact:
Halma plc
Marc Ronchetti, Group Chief Executive
Steve Gunning, Chief Financial Officer
Melanie Horton, Deputy Head of Investor Relations +44 (0) 7554 013 396
Clayton Hirst, Director of Corporate Affairs +44 (0) 7384 796 013
MHP
Oliver Hughes / Rachel Farrington / Ollie Hoare +44 (0)20 3128 8622 / 8613 / 8276
A copy of this announcement, together with other information about Halma, is available at www.halma.com.
About Halma
Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner, healthier future for everyone, every day. Its purpose defines the three broad markets it operates in:
· Safety - Protecting people's safety and the environment as populations grow, and enhancing worker safety.
· Environment - Addressing the impacts of climate change, pollution and waste, protecting life-critical resources and supporting scientific research.
· Health - Meeting the increasing demand for better healthcare as chronic illness rises, driven by growing and ageing populations and lifestyle changes.
Halma employs over 8,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific. Halma is listed on the London Stock Exchange (LON: HLMA) and is a constituent of the FTSE 100 index.
Halma has been named as one of Britain's Most Admired Companies for the past five years.
For more information: www.halma.com
Further information on Lazer Safe is available at www.lazersafe.com.