Halma buys Belgium's Limotec for €9.3m
Halma
2,368.00p
16:34 28/03/24
1.37%
32.00p
Safety, health and environmental technology group Halma on Friday said it had bought Belgian fire systems company Limotec for €9.3m (£8.2m) on a cash and debt free basis.
Electronic & Electrical Equipment
10,096.74
17:14 28/03/24
1.01%
101.18
FTSE 100
7,952.62
17:14 28/03/24
n/a
n/a
FTSE 350
4,383.21
17:14 28/03/24
n/a
n/a
FTSE All-Share
4,338.05
16:50 28/03/24
n/a
n/a
The acquisition was completed on 18 October, and is expected to be earnings enhancing, Halma said. Limotec's revenue in the financial year to end December 2017 was €6.7m (£5.9m).
The deal was funded from Halma's existing facilities, the company said.