Halma (HLMA) snaps up US-based Infinite Leap for $30m
10:48, 19 November 2021
Halma (HLMA) – the UK-based and FTSE 100-listed producer of life-saving hazard-protection equipment – has acquired Infinite Leap for $30m (approximately £22m).
In its statement to the stock market this morning, Halma said it had purchased healthcare systems integrator Infinite Leap for its medical sector business, CenTrak, which provides real-time location services for healthcare facilities.
Based in Fargo, North Dakota, US, Infinite Leap is currently developing new hardware and software solutions for applications adjacent to CenTrak’s core market. Infinite Leap’s technologies help to manage patient flow, track life-saving medical equipment and monitor staff safety.
Commenting on the acquisition, Andrew Williams, group chief executive of Halma, said: “Infinite Leap is an exciting acquisition that will enhance CenTrak’s capabilities as an end-to-end enterprise solutions provider for healthcare organisations.
“It will enable CenTrak to broaden its services, solutions and technologies to support the growing needs of healthcare providers, particularly larger organisations with networks of healthcare facilities, in the post-pandemic world.”
Halma’s (HLMA’s) stock price was up 1.57% in late morning trading to 3,173p.