M&A Deal Summary

Halma Acquires Cardio Systems Commercial and Industrial

On August 7, 2017, Halma acquired medical products company Cardio Systems Commercial and Industrial from CAS Medical Systems for 55M BRL

Acquisition Highlights
  • This is Halma’s 9th transaction in the Medical Products sector.
  • This is Halma’s 14th largest (disclosed) transaction.
  • This is Halma’s 1st transaction in Brazil.

M&A Deal Summary

Date 2017-08-07
Target Cardio Systems Commercial and Industrial
Sector Medical Products
Buyer(s) Halma
Sellers(s) CAS Medical Systems
Deal Type Divestiture
Deal Value 55M BRL

Target

Cardio Systems Commercial and Industrial

São Paulo, Brazil
Cardio Systems Commercial and Industrial Ltda designs and manufactures ambulatory ECG recorders and ambulatory blood pressure monitors to Brazilian healthcare providers. These devices are used by cardiologists and general practitioners to diagnose and prevent heart and blood vessel related diseases like hypertension, diabetes, heart attacks, and heart arrhythmias. These products are similar or complementary to patient assessment devices currently manufactured and marketed by Halma's Medical sector.

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Buyer(S) 1

Buyer

Halma

Amersham, United Kingdom

Category Company
Founded 1894
Sector Safety/Security
Employees9,000
Revenue 2.2B GBP (2025)
DESCRIPTION

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


DEAL STATS #
Overall 47 of 57
Sector: Medical Products M&A 9 of 11
Type: Divestiture M&A Deals 5 of 5
Country: Brazil M&A 1 of 1
Year: 2017 M&A 2 of 5
Size (of disclosed) 14 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 FluxData

Rochester, New York, United States

FluxData, Inc. is a designer and manufacturer of advanced multispectral and digital imaging systems across multiple sectors including industrial and medical applications.

Buy $12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Mini-Cam

Warrington, United Kingdom

Mini-Cam Ltd. is a producer of pipeline inspection systems. Mini-Cam was founded in 1991 and is based in Warrington, United Kingdom.

Buy -

Seller(S) 1

SELLER

CAS Medical Systems

Branford, Connecticut, United States

Category Company
Founded 1984
Sector Medical Products
Employees76
Revenue 18M USD (2017)
DESCRIPTION

CAS Medical Systems, Inc. is a designer, manufacturer, and marketer of FORE-SIGHT Tissue Oximetry., CAS Medical Systems was founded in 1984 and is based in Branford, Connecticut.


DEAL STATS #
Overall 3 of 3
Sector: Medical Products M&A 3 of 3
Type: Divestiture M&A Deals 3 of 3
Country: Brazil M&A 1 of 1
Year: 2017 M&A 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-26 CAS Medical Systmes - Non-invasive Blood Pressure Monitoring Product

Branford, Connecticut, United States

CAS Medical Systmes, Inc. - Non-invasive Blood Pressure Monitoring Product includes MAXNIBP® and MAXIQ™ technology, which are supplied by CASMED through OEM agreements to various companies throughout the world.

Sell $5M