Halma plc (LON:HLMA), a UK-based group of safety, environmental and healthcare technology companies, announced on Monday an expansion of its healthcare portfolio with the acquisition of Rovers Medical Devices B.V., a Netherlands-based company specialising in sample collection devices for cervical cancer prevention and diagnostics.
The initial consideration for the acquisition amounts to EUR85m (about GBP73m) on a cash- and debt-free basis, with additional performance-based payments of up to EUR6m (approximately GBP5m).
Rovers' products, including the Cervex-Brush, are used in over 90 countries, primarily by medical diagnostic companies, laboratories and research institutes.
With unaudited revenue of EUR12.0m (around GBP10.3m) in 2023 and robust return on sales, Rovers strengthens Halma's position in the healthcare sector.
Rovers will operate as a standalone entity within Halma's Healthcare sector under its current management team.
Brain+ launches Ayla CST Assistant following UK regulatory approval
Accelerate Diagnostics receives FDA clearance for automated blood culture system
Photocure's partner Asieris presents Cevira Phase III subgroup analysis at 2024 CSCO Annual Meeting
Boston Scientific's FARAPULSE Pulsed Field Ablation system receives Japanese regulatory approval
Implantica advances RefluxStop with CE mark study results and prepares for FDA submission
Arrowhead Pharmaceuticals seeks approval for ARO-INHBE obesity study
Nicox and Glaukos sign exclusive research and licensing option agreement
Creo Medical forms strategic partnership with Micro-Tech via EUR36.7m subsidiary sale
Epitomee Medical's Capsule cleared by FDA for weight management
Eurofins strengthens biopharma testing in US with Infinity Labs acquisition