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Investing.com -- Halma has acquired Brownline, a provider of advanced gyroscopic locating systems, for €150 million to strengthen its Environmental & Analysis sector.
The acquisition represents approximately 4 times EV/Sales and demonstrates Halma’s successful "acquire and grow" strategy by adding a business that fits well with its existing portfolio.
Brownline supplies technology used in Horizontal Directional Drilling (HDD) for trenchless underground drilling, helping contractors safely install underground infrastructure. The company primarily serves energy markets (including renewable, traditional and distributed systems), fiber connectivity, and water sectors.
With headquarters in The Netherlands, Brownline’s key sales regions include North America, Continental Europe, and the UK. The company will operate as a standalone entity within Halma’s Environmental & Analysis Sector and continue to be led by its current management team.
Halma highlighted that Brownline’s strategic fit stems from its role in supporting the global energy transition and growing electrification trends. The acquisition also complements Halma’s existing product portfolio of key technologies in environmental monitoring.
According to UBS, Brownline’s exposure to key markets such as energy transition and water gives it high single-digit growth potential.
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