Halma Plc (HLMA.L) Announced the acquisition of Navtech Radar Ltd., a provider of innovative radar surveillance and safety solutions for use in highway monitoring, perimeter security and industrial applications. The initial cash consideration is �21 million on a cash- and debt-free basis, funded from the company’s existing facilities. Further earn-out considerations, capped at a total of �18 million, are payable in cash, dependent on profit growth in each of the three financial years to the end of March 2021. Navtech's revenue in the year to 31 March 2018 was �6.2 million and the acquisition is expected to be immediately earnings enhancing.
Login or register to post comments