Named one of Britain's Most Admired Companies, we provide innovative solutions to many of the key problems facing the world today. IZI will be a standalone company within Halma's Healthcare sector, led by its current management team, Halma added. We are a global group of life-saving technology companies. The company's line of business includes the manufacturing of special industry machinery. Halma acquires Maryland-based medical device manufacturer IZI will be a standalone company within Halma's Healthcare sector, led by its current management team Halma PLC (LSE:HLMA), the FTSE 100 safety equipment manufacturer, said it acquired IZI Medical Products, a designer, manufacturer and distributor of medical consumable devices. In the year to 31 March 2022, IZI generated revenue of US$32.9m (£30mln), with return on sales substantially above Halma's target range of 18-22%, said the statement. Up to a further US$14.5mln (£13mln) is payable, based on IZI’s growth in the year to 31 March 2023. However, when adjusted for tax benefits with a net present value of US$11mln (£10mln), the net initial consideration is approximately US$142.mln (£128mln).

The cash deal will be funded from the group’s existing resources. Halma said it will pay an initial consideration of US$153.5mln (£138mln) for IZI on a cash and debt-free basis and from its own facilities. Halma PLC (LSE:HLMA), the FTSE 100 safety equipment manufacturer, announced its second acquisition of the week, paying £50mln for WEETECH Holding GmbH. 'IZI further extends our Healthcare sector into products supporting minimally invasive diagnosis and treatment of acute conditions, principally cancer,” said Halma chief executive Andrew Williams. Get the latest business insights from Dun. IZI's products are largely used by radiologists and surgeons, while the Maryland-based company’s main markets are image-guided surgery, interventional oncology and interventional spine procedures, Halma said in a statement. Find company research, competitor information, contact details & financial data for Halma Holdings Inc. It operates through four segments: Process Safety, Infrastructure Safety, Environmental & Analysis, and Medical. Halma PLC (LSE:HLMA), the FTSE 100 safety equipment manufacturer, said it acquired IZI Medical Products, a designer, manufacturer and distributor of medical consumable devices. Halma plc provides technology solutions in the safety, health, and environmental markets.

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