HALMA PLC Halma, the global group of life-saving technology companies, today announces that it has agreed to acquire a company that addresses the global issue of wastewater leaks.
Sewertronics' Sp. Z o.o. (Sewertronics) technology repairs and rehabilitates wastewater pipelines without the need to dig a trench, by inserting a lining into the pipe, which is then cured using its innovative and patented ultraviolet (UV) LED technology. This UV technology is more efficient and safer than other curing methods that use hot water or steam. Sewertronics is based in Rzeszów,
"Overcrowded cities, heavy downpours and climate change are all putting increasing pressure on wastewater infrastructure. Our technology helps to prevent wastewater pollution, while maximising efficiency and safety when repairing pipes and avoiding the need for disruptive and expensive excavation," said Cesar Gómez, Chief Executive Officer and Founder of Sewertronics. "Sewertronics is highly aligned with Halma's purpose of growing a safer, cleaner, healthier future for everyone, every day. By joining Halma, we will benefit from its global network, resources and expertise, and from collaboration with other Halma companies, particularly those focused on solutions for the wastewater sector."
Sewertronics' UV LED technology includes the following benefits:
Less impact on the environment: The UV method of repair reduces water use, energy consumption and Co2 emissions.
Easier to store with a longer shelf-life: Liners cured by UV technology can be stored for up to six months whereas liners cured using hot water and steam methods require refrigeration and have a short shelf-life.
Enhanced flexibility: the patented UV technology can be switched off during a curing operation, reducing time required to resolve issues.
Safer for operators: UV curing avoids the high temperatures and pressures in hot water and steam curing which create hazards to operators.
"Sewertronics is highly aligned to our purpose, helping to protect the environment by reducing blockages and leakage in wastewater pipes," said
The initial cash consideration for Sewertronics is
Sewertronics' unaudited revenue for the 12 months to
The acquisition is part of Halma's growth strategy to acquire businesses aligned with its purpose of growing a safer, cleaner, healthier future for everyone every day. Halma has invested more than £1 billion in acquisitions in the past 10 years.
For further information, please contact:
A copy of this announcement, together with other information about Halma, is available at www.halma.com.
About Halma
Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner, healthier future for everyone, every day. Its purpose defines the three broad markets it operates in:
Safety - Protecting people's safety and the environment as populations grow, and enhancing worker safety.
Environment - Addressing the impacts of climate change, pollution and waste, protecting life-critical resources and supporting scientific research.
Health - Meeting the increasing demand for better healthcare as chronic illness rises, driven by growing and ageing populations and lifestyle changes.
It employs over 7,500 people in more than 20 countries, with major operations in the
Halma is named as one of
.
(C) 2023 M2 COMMUNICATIONS, source
