SecurityWorldMarket

17/08/2021

Halma acquires 3 companies and sells Texecom

Amersham, Buckinghamshire (UK)

Halma, a FTSE 100 company, has announced three acquisitions and a disposal, as part its strategy of actively managing its portfolio of global businesses.

Halma operates in three sectors: Safety, Environmental & Analysis and Medical. The acquisitions span two of these three sectors.

In the Safety sector, Halma has acquired Ramtech. The company is headquartered in Nottingham, UK, and supplies wireless fire systems for temporary sites, primarily in the construction markets. It adds to Halma’s existing portfolio of companies in the fire detection market that help to save lives and protect assets.

In the Environmental & Analysis sector, Halma has made two acquisitions. Halma’s pipeline inspection systems business, Mini-Cam, has acquired Dancutter A/S, a Danish designer and manufacturer of trenchless pipeline rehabilitation equipment. This is used to maintain and extend the life of wastewater networks, reducing blockages and leakage and ultimately reducing environmental contamination.

Halma has also acquired Sensitron S.r.l., a gas detection company based in Milan, Italy. Sensitron’s devices, which include detectors for hazardous locations and for new refrigerant gases, enhance safety by detecting the release of gases harmful to people and the environment.

Disposal

Halma has completed the sale of Texecom in a management buyout supported by LDC, a UK based mid-market private equity investor. Texecom is a provider of electronic security systems, and is headquartered in Lancashire, UK. Texecom’s management team will continue to lead the business, which will operate out of its current locations.

Andrew Williams, Group Chief Executive at Halma, commented: "I am pleased that we have continued to find exciting new companies to join Halma. Each acquisition is strongly aligned with our purpose and financial model and will bring complementary capabilities including new technologies and broader market reach. We look forward to working with the leadership groups of Ramtech, Dancutter and Sensitron as they seek to grow their businesses over the long term. It is also pleasing to have found a new home for Texecom, so that it can continue to invest and grow under the existing management team, who have served Halma well over many years. We wish them and the whole Texecom workforce every success for the future under their new ownership."


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