LONDON (AFX) - Halma PLC, which makes a range of products including fire and gas detectors and precision optical equipment, said it has acquired German company Mikropack GmbH for up to 4.5 mln eur from Gerald Nitsch, Dieter Steck and Photonics Investments BV.
The Stuttgart-based company makes specialist light sources and photonic accessories used for analytical spectroscopic systems.
Halma is paying 2.25 mln eur up front in cash plus a further 2.25 mln based on Mikropack's earnings performance up to March next year.
'This acquisition will enhance Halma's world-leading photonic businesses and will play an important role in our future optical sensor developments,' the company said.
'Through our Ocean Optics photonics business, we have used Mikropack's light source technology in a wide range of spectroscopy measurement applications and end-markets for many years,' said chief executive Andrew Williams. 'The acquisition not only secures this important technology but strengthens our position in Europe and provides a better platform for further geographical expansion of all of the Group's photonics products.' newsdesk@afxnews.com cw COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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