M&A Deal Summary

Halma Acquires MK Test Systems

On May 1, 2024, Halma acquired test/measurement equipment company MK Test Systems from Synova

Acquisition Highlights
  • This is Halma’s 5th transaction in the Test/Measurement Equipment sector.
  • This is Halma’s 19th transaction in the United Kingdom.

M&A Deal Summary

Date 2024-05-01
Target MK Test Systems
Sector Test/Measurement Equipment
Buyer(s) Halma
Sellers(s) Synova
Deal Type Add-on Acquisition

Target

MK Test Systems

Wellington, United Kingdom
website
MK Test Systems is a provider of automated electrical test solutions to the aerospace, rail, and oil & gas industries. MK Test provides software and systems used in the production and maintenance of all aircraft in the Airbus range as well as the Boeing 767, 777, and 787 models. MK Test was founded in 1992 and is based in Wellington, England.

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Buyer(S) 1

Buyer

Halma

Amersham, United Kingdom

website


Category Company
Founded 1894
Sector Safety/Security
Employees7,000
Revenue 1.5B GBP (2022)
DESCRIPTION

Halma is a UK-based group of technology companies that makes products for hazard detection and life protection. Halma was founded in 1894 and is based in Amersham.


DEAL STATS #
Overall 56 of 56
Sector (Test/Measurement Equipment) 5 of 5
Type (Add-on Acquisition) 51 of 51
Country (United Kingdom) 19 of 19
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 WEETECH

Wertheim, Germany

WEETECH is a developer, manufacturer and marketer of test systems for wires, harnesses and electrical components. WEETECH was founded in 1973 and is based in Wertheim, Germany.

Buy -

Seller(S) 1

SELLER

Synova

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2007
PE ASSETS 1.7B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Synova is an independent private equity firm that invests in mid-market companies throughout the UK. Prospective companies generally possess stable cash flows, strong competitive positions and are led by experienced management teams. Synova looks to invest £15 to £150 million in transactions valued up £250 million. Synova will also consider co-investment situations. The Firm targets companies operating in the consumer products, financial services, leisure, healthcare, education business services, and IT sectors. Funds are generally used to support buyouts and growth capital needs. Synova was formed in 2007 and is based in London.


DEAL STATS #
Overall 14 of 15
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 7 of 8
Country (United Kingdom) 13 of 14
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-01 Synectics

Stoke-on-Trent, United Kingdom

Synectics provides software and data solutions to mitigate fraud and financial crime risks. The company serves over 170 clients across the private and public sectors globally, supporting them in solving problems around organized financial crime, money laundering, customer identification, and financial inclusion. Synectics was formed in 1992 and is based in Stoke-on-Trent, United Kingdon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-29 AllClear Insurance

Essex, United Kingdom

AllClear Insurance is a travel insurance broker for customers with pre-existing medical conditions – typically in the over-55 demographic. The Business operates in the UK, Ireland and Australia and has market-leading expertise in placing insurance for impaired travel risks through its proprietary data, accumulated from nearly two decades of experience. AllClear Insurance Services was established in 2001 and is based in Essex, England.

Sell -