UK tech group Halma acquires underwater robot firm Deep Trekker for $60 million

Company

Halma

Law Firm / Organization
DLA Piper (Canada) LLP
Lawyer(s)

Jamie Mandell

Halma, a prominent global group specializing in life-saving technologies, acquired Deep Trekker Inc., a Canadian company based in Ontario. Deep Trekker, known for its advanced submersible robots, aligns with Halma's mission to create a safer, cleaner, and healthier future. These robots play a crucial role in safeguarding critical infrastructures such as offshore wind farms and aquaculture facilities, and contribute to ocean science and research.

The acquisition was a strategic move for Halma, broadening its market presence in environmental monitoring and enhancing its capabilities in underwater inspection. Deep Trekker's growth is bolstered by worldwide initiatives to combat climate change and pollution, particularly in the renewable energy sector and sustainable fishing practices. Their range of remotely operated vehicles (ROVs) is pivotal in the field of submersible inspection technology.

Post-acquisition, Deep Trekker will operate independently within Halma's Environmental & Analysis sector. Halma, recognized for its admirable corporate governance in the UK, promotes autonomy in its businesses while fostering global knowledge exchange.

Andrew Williams, Halma's Group Chief Executive, and Sam Macdonald, President of Deep Trekker, both expressed enthusiasm about the acquisition. They highlighted the synergy between the two companies in terms of environmental impact and safety improvements in underwater inspections, and the potential for growth in various markets due to increasing health, safety, and environmental regulations.

Merger & Acquisition
Tech/Computer/IT
$ 60,000,000
Closed
14 April 2022