London "life-saving technologies" group acquires US healthcare tech consultancy for £22m
Amersham headquartered Halma announced it has acquired North Dakota based Infinite Leap, Inc. for its Medical sector business, CenTrak for a cash consideration of $30m (approximately £22m).
Infinite Leap is a healthcare consulting and services provider for real-time location technologies, based in Fargo, North Dakota, USA, which is also developing new hardware and software solutions for applications adjacent to CenTrak’s core market.
Additional earn-out considerations are payable in cash, based on growth targets in each of the two financial years to 30 September 2023, up to an aggregate maximum of US$17m (approximately £13m).
Infinite Leap’s unaudited revenue for the 12 months to 31 March 2021 was US$6.8m (approximately £5m).
Andrew Williams, group chief executive of Halma, commented: “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.”
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