Halma Announces Record Earnings and Strategy for Continued Expansion
$150m earmarked for acquisitions
Cincinnati, OH (June 22, 2010) – Halma p.l.c. (www.halma.com), the leading global safety, health and sensor technology group, has announced record results with profits up 9% to $125m and revenue rising by 1% to $665m. The UK-based group, which has its US headquarters in Cincinnati, has posted strong financials to raise shareholder dividends by 7%, the thirty-first consecutive year of increases. Halma’s 11 US subsidiaries, a number of which are located in the Greater Cincinnati area, generate about 30% of its revenue. The company plans to augment its organic growth efforts through acquisition of complementary technology companies, as it has done for many years.
Halma’s subsidiaries operate in three main market sectors: Health and Analysis, Infrastructure Sensors, and Industrial Safety, creating shareholder value with consistent organic growth and sound acquisitions. Area companies include Aquionics, Crowcon Detection Instruments, Palintest, and Smith Flow Control in Erlanger, KY, and Fluid Conservation Systems in Milford, OH. Halma companies operate as independent entities under the day-to-day direction of their local management, while reaping the capital and network benefits of a larger multi-national parent.
The company is seeking successful and profitable companies that are closely allied to any of its current market sectors although photonics, water, fluid technology and health optics are a particular focus. It has $150m earmarked for acquisitions.
Andrew Williams, Chief Executive of Halma, commented, “In recent years, Halma has generated significant organic growth momentum through increasing investment in management development, new product development and establishing platforms for growth in Asia. We have considerable resources to support investment in further acquisitions to accelerate growth in our chosen markets. We can comfortably deploy up to $150m on acquisitions should we find the right opportunities.”
Headquartered in the United Kingdom, Halma is a holding company of approximately 35 worldwide subsidiaries that develop and manufacture products to improve quality of life for people worldwide. The company’s business groups focus on industrial safety, health and analysis and infrastructure sensors.
To present potential acquisitions opportunities, please contact David Leighty, Group Acquisitions Executive, USA, (firstname.lastname@example.org), Tel: 1-732-244-1858.