Acquisition of FluxData

09 January 2017

Halma, the leading safety, health and environmental technology group, announces the acquisition of FluxData Incorporated ("FluxData") from private shareholders.

FluxData, based in New York State, USA, designs and manufactures advanced multispectral and digital imaging systems across multiple sectors including industrial and medical applications.

The cash consideration is $12.0 million (£9.8 million) and is adjustable, US$ for US$, if the net assets are more or less than a pre-determined amount (the adjustment is not expected to be material). Further contingent consideration of up to $15.5 million (£12.6 million) may be payable based on performance to 31 March 2019. The acquisition, which is expected to be immediately earnings enhancing, was funded from Halma’s existing cash and debt facilities.

Unaudited accounts for the year ended 31 December 2016 reported revenue of $5.2 million (£4.2 million).

FluxData will become part of Halma’s Environmental & Analysis sector. Existing management will remain in place.

Andrew Williams, Halma's Chief Executive, commented:

"FluxData's strength in developing complete multispectral imaging (MSI) systems, including software and data analysis, builds on the MSI capabilities that already exist within our Environmental & Analysis sector. The value of this acquisition will come not only from enhancing FluxData's ability to service existing customers but also from the opportunity to access new sectors and geographies through Halma’s strengths in safety, medical and environmental markets globally."

For further information please contact:

Halma plc
Tel: +44 (0) 1494 721111
Andrew Williams, Chief Executive
Kevin Thompson, Finance Director

MHP Communications
Tel: +44 (0) 20 3128 8100
Rachel Hirst/Andrew Jaques


  1. Halma buys successful businesses in safety, health and environmental markets and helps them grow further through investment targeted towards increasing innovation, management development and international expansion. In the past 10 years Halma has spent approximately £650 million acquiring more than 30 businesses with deal sizes ranging from £1 million up to £100 million (view our acquisition history).
  2. Further information regarding FluxData can be found on its website (
  3. This statement is not intended to constitute a profit forecast for the current financial period or for any future period. In addition, this statement should not be taken to mean that the earnings per share of Halma will necessarily match or exceed the historic reported earnings per share of Halma.
  4. Halma intends to issue a trading update on 23 March 2017 ahead of its year end of 1 April 2017.
  5. Dollar values were translated at a rate of $1.23: £1.