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Halma Buys MicroSurgical Technology Inc. for $57M

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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...Read full article

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    Published: December 2012
    Glossary
    ophthalmology
    The branch of medicine involved in the study of the anatomy, functions, diseases and treatments of the eye.
    AccutomeacquisitionsAmericasBiophotonicsBusinesscataractsEuropeHalmaKeelerMedicelMicroSurgical TechnologyMSTophthalmologyRiesterVolk

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