Halma, the global group of life-saving technology companies, today announces that it has agreed to acquire a company that protects workers involved in metal fabrication.
Based in
"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," said
As more countries and markets adopt safety regulations for press brake machinery, Lazer Safe is committed to contributing expertise that improves safety integrity levels as defined by the
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
"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," said
The acquisition is part of Halma's growth strategy to acquire businesses aligned with its purpose. Halma has invested more than £1 billion in acquisitions in the past 10 years.
For further information, please contact:
MHP
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
Halma has been named as one of
For more information: www.halma.com
Further information on Lazer Safe is available at www.lazersafe.com.
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