Halma Plc has acquired Rovers Medical Devices B.V. for £78 million

LONDON, UK: Halma Plc, the global group of life-saving technology companies, has acquired Rovers Medical Devices B.V., a company announcement noted.

Headquartered in Oss in the Netherlands, Rovers designs and manufactures sample collection devices used in the prevention and diagnostics of cervical cancer. Rovers’ products are principally for professional use and include its Cervex-Brush®, widely recognised as the gold standard for cervical cancer screening.

Rovers’ products are used in more than 90 countries, and are sold primarily to medical diagnostic companies, as well as medical distributors, laboratories, research institutes and governments.

The initial consideration for Rovers is €85m (approximately £73m), on a cash- and debt-free basis, which will be paid in cash and funded from Halma’s existing facilities. An additional consideration of up to €6m (approximately £5m) is payable in cash, based on Rovers’ performance in the period to 31 March 2025.

Rovers’ unaudited revenue for the 12 months to 31 December 2023 was €12.0m (approximately £10.3m), with Return on Sales more than double Halma’s target range of 18-22%. Rovers will be a standalone company within Halma’s Healthcare sector, led by its current management team.

Marc Ronchetti, Group Chief Executive of Halma, said: “Rovers will broaden the range of markets we serve in women’s health and further strengthen our Healthcare sector’s position in cancer diagnosis products. We are excited by the opportunities we see to increase Rovers’ positive impact on public health. We expect its future growth to be driven by increasing global cervical screening rates, supporting the World Health Organization’s strategy to accelerate the early detection of cervical cancer.”

Roel Leenders, Chief Executive Officer of Rovers Medical Devices B.V., said: “We want to contribute to the prevention of cancer on a global scale. This mission strongly aligns to Halma’s when it comes to improving quality of care for patients. Many physicians work with us to develop the highest quality screening products that are most effective for their patients. By joining the Halma group, Rovers can grow to the next level, adding talent development and commercial opportunities while collaborating with a global group of like-minded businesses, that will help us to enable better screening and diagnostics for patients worldwide.”

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