logo
Plus   Neg
Share
Email

Halma Plc To Acquire Ampac Group - Quick Facts

Halma plc (HLMA.L) has agreed to acquire the Ampac Group for 74 million pounds. Ampac, headquartered in Perth, is a fire and evacuation systems supplier. It has offices in Australia, New Zealand and the UK. Ampac's management team will remain in place.

Andrew Williams, Group Chief Executive at Halma, stated: "This acquisition extends our geographic footprint and strengthens the intellectual property of our fire detection businesses."

Halma plc will fund the consideration for the deal from its existing facilities. The Group expects to complete the acquisition by no later than mid August 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Auto giant General Motors' (GM) Chevrolet unveiled its new stunning Corvette Stingray 2020. Stingray 2020, the eighth generation of the Chevrolet Corvette, has received the biggest change since its initial launch in 1953. The new 2020 Corvette is a mid-engine vehicle, which is its engine is behind... Amazon.com's Prime Day has brought a smile to the face of some photographers who may have grabbed their best deals of their lives. The e-commerce giant accidentally discounted a wide range of premium camera gear for Prime Day earlier this week, which may have proved costly for it. Thanks to a pricing error, some lucky customers were able to buy premium camera gear bundles for below $100. Women's clothing chain Dress Barn Inc. said it started store-closing or inventory clearance event sales at the 53 stores it plans to close by the end of August. The company expects to close all its stories by end of 2019. It also released a list of the nine stores closing in July and the stores closing in August. Dressbarn has hired Gordon Brothers Retail Partners to help with the store closures.
Follow RTT