Halma on £83.5m acquisition spree

Health and safety firm Halma said it had made two acquisitions in the US and Australia for a combined £83.4m.

The company on Monday said it had bought NovaBone Products a designer and manufacturer of US FDA-approved synthetic bone graft products, based in Florida, for £74m.

A second purchase of a 70% stake in FireMate Software, a Brisbane-based company which provides cloud-based fire protection maintenance software to fire contractors. The deal has been agreed in two tranches made up of an initial £6.2m and further £3.3m contingent on performance to 30 June 2022.