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Announced

Completed

Halma completed the acquisition of WEETECH from PINOVA Capital for £50m.

Financials

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Transaction Value£50m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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test systems

Private Equity

Friendly

Completed

Majority

Private

Electrical Components

electrical components

Acquisition

Test Inspection and Certification (TIC)

Germany

Single Bidder

Cross Border

Synopsis

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Halma, a British global group of safety equipment company, completed the acquisition of WEETECH, a designer, manufacturer and distributor of test systems, from PINOVA Capital, an independent private equity firm, for £50m. "We are delighted to welcome WEETECH to Halma and look forward to supporting their future development through our Growth Enablers. WEETECH brings new opportunities for growth in electrical safety, driven by increasing safety needs and greater regulation. Their technology will play an important supporting role in addressing key issues such as growing urbanisation, the challenge of energy transition and the adoption of more efficient modes of transport, such as mass transit systems and electric vehicles," Andrew Williams, Halma CEO.

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