Halma PLC (LSE:HLMA), the acquisitive FTSE 100 company, said it bought Infinite Leap, which provides real-time location services for healthcare facilities, for its Medical sector business, CenTrak
Infinite Leap is a healthcare consulting and services provider for real-time location technologies, based in Fargo, North Dakota. It is also developing unique new hardware and software solutions for applications adjacent to CenTrak's core market.
Halma is initially paying US$30mln (about £22mln). Additional earn-out considerations, payable in cash, could see the purchase price rise by up to US$17mln (about £13mln).
Infinite Leap's unaudited revenue for the 12 months to 31 March 2021 was US$6.8mln (roughly £5mln).
"Infinite Leap is an exciting acquisition that will enhance CenTrak's capabilities as an end-to-end enterprise solutions provider for healthcare organisations. It will enable CenTrak to broaden its services, solutions and technologies to support the growing needs of healthcare providers, particularly larger organisations with networks of healthcare facilities, in the post-pandemic world.,” said Andrew Williams, the chief executive of the engineering holding company.