Stratégie en matière d’acquisitions
Halma began to evolve into a safety and environmental products group in the early 1970s. Since then, our strategy to create shareholder value has been based on consistent organic growth boosted by sound acquisitions. Our principal acquisition strategy is to buy businesses that are earnings enhancing and which increase our competitive advantage. For details of recently acquired companies, go to Acquisitions history.
Acquisition profile
Typically, we acquire companies operating in markets that we are familiar with or in closely allied market sectors which we understand. We buy companies that are successful and profitable rather than 'turn-around' opportunities. We are more interested in intellectual assets (technology, application and market knowledge) than physical assets. We will acquire parts of businesses, products or patented technologies which complement our existing portfolio and which can be merged into a Halma company.
Acquired businesses will share many characteristics of our existing businesses:
Acquired businesses will share many characteristics of our existing businesses:
- leadership of specialised market segments with entry barriers;
- global customer base;
- entrepreneurial managers;
- valuable technical or application know-how and intellectual property;
- innovation in products, service, manufacture, marketing and sales;
- process-critical products where performance influences price;
- markets where there are robust long-term growth drivers;
- cash generative, low capital investment, high profit margins and high return on capital employed.
Benefits of being acquired
Entrepreneurs usually sell their businesses to us because they want to release their capital, confident that the future of their company and employees is assured. Private companies can find it difficult to develop beyond a certain size without the finance and management resources only available within a larger parent group.
Owners often remain and manage their business for several years after acquisition and some progress to become Divisional Chief Executives and Halma directors. Many owners find that their working life remains largely unchanged post-acquisition working within Halma's decentralised and entrepreneurial operating culture.
We are always interested in acquiring quality businesses. If you would like to discuss the benefits of being acquired by Halma, please contact: Andrew Williams, Chief Executive, by email to halma@halma.com , or call +44(0)1494 721111.
Owners often remain and manage their business for several years after acquisition and some progress to become Divisional Chief Executives and Halma directors. Many owners find that their working life remains largely unchanged post-acquisition working within Halma's decentralised and entrepreneurial operating culture.
We are always interested in acquiring quality businesses. If you would like to discuss the benefits of being acquired by Halma, please contact: Andrew Williams, Chief Executive, by email to halma@halma.com , or call +44(0)1494 721111.
