Halma, the global group of life-saving technology companies, has made two acquisitions to join its Medical and Infrastructure Safety sectors respectively. Halma has acquired NovaBone Products, LLC (‘NovaBone’), a designer and manufacturer of US FDA-approved synthetic bone graft products, based in Florida, USA.
NovaBone’s products are used to accelerate bone regeneration, primarily for orthopaedic and dental surgical procedures in the USA. It will become part of Halma’s Medical sector, which includes a range of diagnostic and surgical device companies serving niche applications in global healthcare markets. NovaBone’s management team will continue to lead the business from its current location.
Cloud-Based Fire Protection
Halma has also acquired 70 per cent of FireMate Software Pty. Ltd. (‘FireMate’), an Australian company based in Brisbane which provides cloud-based fire protection maintenance software to fire contractors. FireMate will be part of the Group’s Infrastructure Safety sector and will continue to be led by its current management team.
Andrew Williams, Halma Group Chief Executive, commented: "These businesses are exciting additions to Halma, bringing new technologies and market niches to two of our sectors and are highly aligned to Halma’s purpose. Both businesses are well positioned to benefit from the range of Halma’s strategic Growth Enablers and we look forward to working with their management teams to deliver further growth.”
Integrated Fire Systems
“NovaBone extends our Medical sector’s presence in surgical applications, adding a new niche within the orthopedics market, which is growing fast due to the ageing population and increasingly sedentary lifestyles causing joint problems. It has strong technology and knowhow within the fast-growing biologics segment, developing biomaterials that harnesses the body’s natural healing process to accelerate bone growth.”
“FireMate’s software solutions are highly complementary to those currently offered by our Infrastructure Safety sector’s fire businesses and further strengthens our capabilities in connected and integrated fire systems internationally.”