Wed, 22 Dec 2010 | BUSINESS NEWS
A Buckinghamshire-based technology company has acquired an American diagnostics company in a takeover bid worth £15.2 million.
Halma, a safety, health and sensor technology firm located in Amersham, purchased the Lakeville, Massachusetts-based firm Accudynamics Inc (ADI) earlier this week, giving rise to the prospect of new medical sales jobs in the UK.
Previously privately-owned, ADI specialises in the development and manufacture of bespoke pumps, integrated electromechanical assemblies and fluid handling components.
Halma hopes to leverage this speciality and open up new opportunities in the medical diagnostic system and device markets.
Andrew Williams, Halma's chief executive, said that the acquisition was a 'logical extension' of their operations.
He said, “We have a strong offering for customers requiring precision fluid control in the scientific and medical diagnostic market segments.”
Halma funded the acquisition through its existing cash and debt facilities. If the completion accounts demonstrate net tangible assets above or below £2.3 million, the deal value is adjustable. Based on earnings growth between 1 July 2010 and 31 March 2011, a further £4.4 million is payable.
The unaudited adjusted accounts for ADI for the year to the end of June reveal that it had an operating profit of £2.4 million.
This leading concrete solutions and grab hire company offers a strong market presence across Scotland, underpinned by a diverse fleet of vehicles and a skilled workforce. With a robust client base spanning multiple sectors and an impressive forward o...
This unique opportunity in Mid Glamorgan offers 33 letting bedrooms, leisure facilities, and a self-contained holiday let, all set within 3.38 acres of beautifully landscaped gardens with planning consent for extension.
FREEHOLD
Cardiff City Centre Hotel presents a prime investment opportunity with its central location and IHG branding, offering 122 air-conditioned bedrooms. A standout feature is the 6th-floor restaurant, bar, and roof terrace, which provide stunning city vi...
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.