Acquisition

Halma PLC

02 September 2026

 

Halma plc ('Halma' or the 'Group')

Acquisition

Halma, the global group of life-saving technology companies, today announces that it is acquiring Pyxis¹, a specialist provider of water quality monitoring and analysis technology.

Pyxis designs and manufactures sensors and systems that enable customers to measure and control critical water parameters in real time across industrial, municipal and environmental applications. Its technology helps improve process efficiency, reduce waste and support compliance with increasingly stringent environmental standards. Founded in 2013 and headquartered near Houston, Texas, Pyxis serves a global customer base and has a strong track record of growth and innovation.

The initial cash consideration for the three separate Pyxis companies is in aggregate $170m (approximately £126m), on a cash- and debt-free basis, to be funded from Halma's existing facilities. Additional earn-out considerations of up to an aggregate maximum of $30m (approximately £22m) for the US-based business are payable in cash, based on Pyxis' performance over each of the two financial years to 31 March 2028 and 2029.

Pyxis' unaudited revenue for the 12 months to 31 March 2027 is forecast to be approximately $39m (approximately £29m). Pyxis will be a standalone business within Halma's Environmental & Analysis Sector, led by its current management team.

Marc Ronchetti, Group Chief Executive of Halma, commented: "Pyxis is a high-quality business with a strong track record of growth and a clear focus on innovation. Its technologies address critical challenges in water quality monitoring with solutions that are highly valued by its customers. Pyxis' capabilities are complementary to several of our existing companies. We are pleased to welcome Pyxis to Halma and support its continued growth as part of the Group."

Caibin Xiao, Founder and Chief Innovator of Pyxis said: "Joining Halma is an important step for Pyxis as we look to build on our strong growth and continue developing innovative solutions for our customers. Halma's approach gives us the autonomy to keep doing what we do well, while providing access to a global network, expertise and resources that will help us accelerate our growth. We are excited about the opportunities this creates as we continue to innovate and expand our capabilities in water quality monitoring."

For further information, please contact:

Halma plc

Marc Ronchetti, Group Chief Executive                  [phone]                             

Carole Cran, Group Chief Financial Officer

Charles King, Co-Head of Investor Relations          [phone]

Melanie Horton, Co-Head of Investor Relations      [phone]

MHP

Oliver Hughes / Rachel Farrington / Ollie Hoare      [phone] / [phone]

A copy of this announcement, together with other information about Halma, is available at www.halma.com.

About Halma

Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner, healthier future for everyone, every day.

Its purpose defines the three broad market areas where it operates:

·      Safety	Protecting people, assets and critical infrastructure by addressing safety risks in public, commercial and industrial environments, and supporting a safer, more sustainable future.
· Environmental & Analysis	Monitoring the environment and ensuring the quality and availability of life-critical resources, and enabling scientific research through advanced measurement, analysis and data transmission.
·      Healthcare	Meeting the growing demand for healthcare as populations age and chronic conditions rise, by supporting the discovery of new cures, the prevention, diagnosis and treatment of patient conditions, and enabling the delivery of safer, more efficient healthcare.

It employs over 9,000 people in more than 20 countries, with major operations in the UK, Europe, the US and Asia Pacific. Halma is listed on the London Stock Exchange (LON: HLMA) and is a constituent of the FTSE 100 index.

Halma has been named as one of Britain's Most Admired Companies for the past seven years.

For more information see www.halma.com

Further information on Pyxis

Pyxis is a specialist in water quality monitoring and analysis. Founded in 2013 and headquartered near Houston, Texas, it designs and manufactures sensors, handheld devices and connected monitoring systems used across industrial, municipal and environmental water applications. Its technologies help customers measure critical water parameters in real time, improving process control, efficiency and compliance. For more information see www.Pyxis-lab.com

Notes

1. Pyxis comprises three separate companies. Halma has acquired Pyxis Lab Inc. and Qipan Technology Development (Shanghai) Co., Ltd., two of the three separate companies. Halma has further agreed to acquire the third smaller company, Pyxis Europe S.L.U., and this acquisition is expected to close shortly.

 

END