Halma plc (LSE:HLMA) acquired MK Test Systems Ltd. for £44 million on May 1, 2024. The cash consideration for MK Test is £44 million, on a cash- and debt-free basis, to be funded from Halma's existing facilities. MK Test's unaudited revenue for the 12 months to March 2024 was £12.4 million, with Return on Sales substantially above the upper end of Halma's target range of 18-22%. MK Test will be a standalone company within Halma's Safety sector, led by its current management team.

Halma plc (LSE:HLMA) completed the acquisition of MK Test Systems Ltd. on May 1, 2024.