Health and safety group Halma has paid $25.2m (£15.7m) for a small Arizona-based company that makes industrial flow meters. The move comes as no surprise from a company that has consistently stressed its strategy of boosting growth with niche acquisitions - particularly as it only spent £1.7m on a tiny photonics business last financial year.
IC TIP:
Buy
at
331p
Its latest buy, Alicat, specialises in the obscure science of measuring and controlling fluid flows, which sits well with Halma's focus on technology-led health and safety markets. It will report into the Fluid Technology segment of Halma's Health and Analysis division.
Price: 284p
When: 6 Sep 2010
Performance: +17%
