Halma to buy Poland's Sewertronics for up to €59m

Safety equipment maker Halma said on Friday that it has agreed to buy Poland’s Sewertronics for up to €59m (£52m).

Sewertronics' technology repairs and rehabilitates wastewater pipelines without the need to dig a trench, by inserting a lining into the pipe, which is then cured using its innovative and patented ultraviolet (UV) LED technology.

Halma said this UV technology has less impact on the environment, is more efficient, less disruptive and safer than other curing methods that use hot water or steam. Sewertronics is based in Rzeszów and has sales and service partners in most major regions.

In the 12 months to the end of December 2022, Sewertronics' unaudited revenue was €8.1m (£7.1m). The business will be a standalone company within Halma's Environmental & Analysis sector, and will collaborate with Minicam and Dancutter, existing Halma portfolio companies, who operate in the same end-user markets.

Chief executive Marc Ronchetti said: "Sewertronics is highly aligned to our purpose, helping to protect the environment by reducing blockages and leakage in wastewater pipes.

"We expect Sewertronics' growth to be driven by the increasing need to repair ageing wastewater infrastructure and reduce wastewater leaks, and by investment in innovative technologies which minimise the disruption to surrounding infrastructure and reduce the resources required to carry out repairs."