LONDON: Halma Plc, the worldwide group of life-saving technology companies focused on rising a safer, cleaner and more healthy future for everybody each day, has acquired Deep Trekker Inc.
Headquartered in Ontario, Canada, Deep Trekker is a market-leading producer of remotely operated underwater robots used for inspection, surveying, evaluation and maintenance. It serves markets together with aquaculture, renewable energy and ocean science and research.
The money consideration for Deep Trekker is CAD$60m (approximately £36m) on a money and debt free basis, which will be funded from Halma’s existing facilities. Deep Trekker’s unaudited income for the 12 months to 31 December 2021 was CAD$20.0m (approximately £12m), with Return on Sales above Halma’s goal vary of 18-22%. Deep Trekker will be a half of Halma’s Environmental & Analysis sector.
Andrew Williams, Group Chief Executive of Halma, commented: “Deep Trekker is an thrilling addition to Halma, which is extremely aligned with our purpose, each in phrases of serving to to make sure a cleaner environment, and in improving the security of underwater inspections. It offers new alternatives for growth in a variety of markets, pushed by increasing health, security and environmental regulation, and global efforts to address local weather change, waste and pollution.”
Founded in 2010, Deep Trekker is headquartered in Kitchener, Ontario, Canada. It has seventy five employees. It designs and manufactures remotely-operated underwater vehicles, CCTV pipe crawlers, utility crawlers and submersible cameras, to be used in a variety of applications and markets. The Americas accounts for roughly two-thirds of Deep Trekker’s revenue, with Europe roughly 15%, with the relaxation split between Asia and the the rest of the world. www.deeptrekker.com