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Halma PLC Announces Sale Of Asset Monitoring Business To Moog Components Group Limited

Thursday, 23 Aug 2012 02:01am EDT 

Halma PLC announced that on August 22, 2012 it completed the disposal of Asset Monitoring sub-sector, comprising Tritech Holdings Limited and subsidiary Tritech International Limited to Moog Components Group Limited. Cash consideration of GBP21.0 million was paid at completion of which GBP2.1 million was retained in escrow and will be released to Halma on the anniversary of the transaction conditional upon any valid warranty/indemnity claims being made by Moog. The initial consideration is subject to confirmation of the value of cash and working capital and adjustable GBP1 for GBP1 if outside a predetermined range. 

Company Quote

1.5 +0.27%
22 Jul 2014