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Halma Acquires Utah-Based Maxtex for USD 20m
Wednesday 26 February 2020

26 February 2020 - UK-based safety, health and environmental technology company Halma has acquired Utah-based oxygen analysis and delivery products provider Maxtec, LLC, for USD 20m (GBP 15.3m), the company said.

The cash consideration is on a debt free basis, which will be funded from Halma's existing facilities.

Maxtec will be managed as part of Halma's Perma Pure business, whose medical dehydration products are also used in acute care units, and will become part of Halma's Medical sector.

Halma is a global group of life-saving technology companies, operating in four sectors: Process Safety, Infrastructure Safety, Environmental and Analysis and Medical.

Maxtec is in the design, manufacture and distribution of oxygen analysis and delivery products for use in medical and non-medical applications.

They specialise in innovative products for respiratory care, including in oxygen sensors and analysers for use in hospital acute care units.
Date Published: 26/02/2020
Target: Maxtec, LLC
Country: USA
Deal Size: 20m (USD)
Sector: Healthcare
Type: Corporate acquisition
Financing: Cash
Status: Closed
Buyer: Halma