Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

Halma Buys MicroSurgical Technology Inc. for $57M

Photonics.com
Dec 2012
LONDON, Dec. 26, 2012 — Safety, health and environmental technology group Halma has expanded its ophthalmic offerings with the acquisition of MicroSurgical Technology Inc. (MST) for $57 million in cash.

The deal, which included an additional $2 million for cash retained in business, was funded using Halma's existing cash and debt facilities. MST will receive another $43 million if earnings for the two years between now and March 2015 exceed predetermined targets.

MST designs, manufactures and markets ophthalmic surgical products, focusing on single-use devices for cataract surgery; it will join Halma's Health and Analysis sector within the Health Optics subsector, which includes other ophthalmic device businesses: Accutome, Keeler, Medicel, Riester and Volk. Existing MST management will remain in place and will continue to operate the business in Redmond, Wash.

MST reported revenue of $20.4 million in 2011; Halma expects the acquisition to enhance earnings immediately.

For more information, visit: www.halma.com


GLOSSARY
ophthalmology
The branch of medicine involved in the study of the anatomy, functions, diseases and treatments of the eye.
Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.