Deal Details
Sale to Halma plc
Summary
Baird served as exclusive financial adviser to CenTrak, Inc.
About
CenTrak, Inc. (“CenTrak” or the “Company”) was recently acquired by Halma plc (“Halma”) (LSE: HLMA) for $140 million.CenTrak designs and manufactures sensors and proprietary communication technology that provide the most reliable and precise location data for healthcare facilities to ensure compliance with regulations and to improve patient care. Through strategic partnerships with leading healthcare application providers, CenTrak’s technology enables real-time monitoring of a range of parameters including patient, staff and medical equipment location, patient security, hand hygiene compliance and environmental / temperature conditions. CenTrak is headquartered in Newtown, Pennsylvania.
Halma is a leading safety, health and environmental technology group. Halma employs over 5,400 people in nearly 50 subsidiary businesses based in 23 countries. Halma is headquartered in Buckinghamshire, the United Kingdom.
CenTrak will be part of Halma’s Medical sector which includes a range of healthcare device companies serving niche applications in global markets. The CenTrak CEO and management team will continue to operate the business out of its current locations.
For additional information about this transaction, please contact:
- Date
- February 2016
- Company
- CenTrak, Inc.
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
- Acquiror Geography
- Europe
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