logo
  

Halma Acquires MicroSurgical Technology For About $57 Mln

Safety, health and environment technology group Halma plc (HLMA.L), Wednesday announced the acquisition of ophthalmic surgical products provider MicroSurgical Technology, Inc. (MST), for $57 million in cash in addition to a $2 million for cash retained in business. The acquisition, expected to add to earnings immediately, has been funded using existing cash and debt facilities, said the company in a statement.

Further, MicroSurgical is entitled to a payment of another $43 million, if the earnings for the 2 year period to March 2015 surpasses a pre-determined amount.

MST, set to join Halma 's Health and Analysis sector posted full-year 2011 revenue of $20.4 million.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Google has revoked its three-year ban on cryptocurrency-related ads on its sites under the search giants' new ad services policy. This action will now allow cryptocurrency exchanges and wallets certified by Google to advertise their products and services on Google's network, beginning August 3, 2021. The UK's competition regulator said Friday that it has secured commitments from Google to address concerns about the tech giant's proposal to remove third-party cookies from Chrome browser. Archer Aviation, a developer of electric vertical take-off and landing or eVTOL aircraft, unveiled its autonomous electric two-seater aircraft, named "Maker", marking a milestone towards its commercial launch. The California-based air mobility company, which has already received orders from United Airlines, will use its inaugural aircraft prototype for testing as it works towards certification.
Follow RTT