Halma Plc acquires Infinite Leap for up to $47 million

Halma Plc acquires Infinite Leap for up to $47 million

LONDON, UK: Halma Plc, the global group of life-saving technology companies, has acquired Infinite Leap Inc. for its Medical sector business, CenTrak, which provides real-time location services for healthcare facilities.

Infinite Leap is a healthcare consulting and services provider for real-time location technologies, based in Fargo, North Dakota, USA, which is also developing unique new hardware and software solutions for applications adjacent to CenTrak’s core market.

The initial cash consideration is US$30m, on a cash and debt free basis, which will be funded from Halma’s existing facilities. 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.

Infinite Leap’s unaudited revenue for the 12 months to 31 March 2021 was US$6.8m.

Andrew Williams, Group Chief Executive of Halma Plc, 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.”

Infinite Leap, based in Fargo, North Dakota, USA, is a healthcare consulting and services provider for real-time location technologies. The company delivers industry leading patient and staff workflow software as well as end-to-end services – from solution design and business planning to deployment, training, 24/7 support, and managed services. www.infiniteleap.net

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