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Safety equipment manufacturer Halma (HLMA) announced the acquisition of Business Marketers Group Inc., trading as Rath Communications, which provides emergency communication systems for ‘Areas of Refuge’ in the USA. Wisconsin-based Rath, which was acquired for $42.4m (�32.8m) on a cash and debt free basis, will enter Halma’s Infrastructure Safety division. The move represents a significant rise on Halma’s recent expenditure on acquisitions - it only spent an aggregate �3m on three acquisitions over the previous half. Shares were unmoved by the announcement.
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