Halma buys US-based ILT for $26.6m
Halma
2,482.00p
16:40 01/11/24
0.28%
7.00p
Safety equipment maker Halma said it had bought US-based International Light Technologies for $26.6m (£19.5m).
Electronic & Electrical Equipment
9,460.79
17:14 01/11/24
0.64%
60.43
FTSE 100
8,177.15
16:39 01/11/24
n/a
n/a
FTSE 350
4,508.38
17:14 01/11/24
n/a
n/a
FTSE All-Share
4,465.61
16:54 01/11/24
n/a
n/a
ILT makes technical lighting sources and light measurement systems, which are used in biomedical, environmental, agricultural, food and beverage, and industrial applications.
The purchase is on a cash and debt free basis, which is payable in cash and funded from Halma's existing facilities.