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Halma acquires US oxygen products maker Maxtec for US$20mln

The new addition, funded with existing facilities, will become part of Halma's medical sector

Halma - Halma acquires US oxygen products maker Maxtec

Halma PLC (LON:HLMA) has acquired US oxygen products maker Maxtec for US$20mln.

Maxtec specialises in respiratory care, including oxygen sensors and analysers for use in hospital acute care units, although it serves non-medical industries as well.

READ: Similar but different: Halma and Melrose fly flag for UK industrials

It will be managed as part of Halma's Perma Pure business and will become part of Halma's medical sector.

The firm’s revenue and adjusted underlying earnings for the year to last March were US$20.4mln and US$1.8mln, respectively.

The FTSE 100 producer of lift door sensors and smoke alarms said the transaction will be funded on a cash and debt-free basis using existing facilities.

Quick facts: Halma

Price: 1891 GBX

LSE:HLMA
Market: LSE
Market Cap: £7.18 billion
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