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New Deal


Announced

Halma to acquire a 70% stake in FireMate Software for A$18.2m.

Financials

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Transaction Value£9m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For70%
EV/Sales10.4x
EV/EBITDA27.14x
Share Price Premium-
One Off Charge-

Tags

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software development

Acquisition

Majority

Single Bidder

Australia

Private

Friendly

safety software

Software

Pending

Synopsis

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Halma, a safety, health and environmental technology group, agreed to acquire a 70% stake in FireMate Software, a Brisbane, Australia-based company which provides cloud-based fire protection maintenance software to fire contractors, for A$18.2m. "FireMate's software solutions are highly complementary to those currently offered by our Infrastructure Safety sector's fire businesses and further strengthen our capabilities in connected and integrated fire systems internationally," Andrew Williams, Halma Group Chief Executive.

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