Halma plc acquires underwater robot manufacturer Deep Trekker in $60 million transaction

1 minute read
14 April 2022

On April 14, 2022, Halma plc (LON: HLMA), a global group of life-saving technology companies, announced that it had acquired Deep Trekker Inc. for cash consideration of $60 million on a cash and debt free basis, funded from Halma's existing facilities.

Headquartered in Kitchener, Ontario, Deep Trekker is a market-leading manufacturer of remotely operated underwater robots used for inspection, surveying, analysis and maintenance. It serves markets including aquaculture, renewable energy and ocean science and research.
Gowling WLG advised Deep Trekker in this transaction with a team that included Sean Gomes, Duncan Snyder and Anita Yuk (M&A), Ian Macdonald and Elad Gafni (Investment Canada), Paul Carenza (tax) and Chris Andree (employment).

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