Halma buys Belgium's Limotec for €9.3m

19th Oct 2018 07:16

(Sharecast News) - Safety, health and environmental technology group Halma on Friday said it had bought Belgian fire systems company Limotec for €9.3m (£8.2m) on a cash and debt free basis.The acquisition was completed on 18 October, and is expected to be earnings enhancing, Halma said. Limotec's revenue in the financial year to end December 2017 was €6.7m (£5.9m).The deal was funded from Halma's existing facilities, the company said.