01.05.2024 08:33:37 - dpa-AFX: Halma Buys MK Test For GBP 44 Mln To Boost Electrical Safety Capabilities

LONDON (dpa-AFX) - Halma Plc (HLMA.L), a British safety equipment maker,
said on Wednesday that it has acquired MK Test Systems Limited, a maker of
safety-critical electrical testing technology, for a cash consideration of 44
million pounds, to be funded from Halma's existing facilities.

Marc Ronchetti, Chief Executive of Halma, said: 'MK Test further enhances our
capabilities in electrical safety and brings new opportunities for growth,
driven by increasing safety regulation and the need to protect high value
assets. Its technology plays an important role in automated electrical testing
and in ensuring the integrity of electrical systems.'

Post transaction, MK Test will be a standalone company within Halma's Safety
sector, led by its current management.

For the 12-month period to March 2024, MK Test had registered revenue of 12.4
million pounds.

Founded in 1990, MK Test makes safety-critical electrical testing technology
products used to test the integrity of high voltage electrical systems in
aerospace, rail, and commercial EV industries.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
HALMA PLC LS-,10 865047 Frankfurt 31,480 03.07.24 08:25:44 -0,340 -1,07% 31,980 32,520 31,480 31,820

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