CMS advise Halma in acquisition of Advanced Electronics

CMS in London has advised FTSE 200 company, Halma, in relation to its acquisition of Advanced Electronics Limited, a manufacturer of networked fire detection and control systems.

Halma, the market leader in specialist safety, health and environmental technologies, has bought Advanced Electronics Limited for an initial cash payment of GBP14.1 million and deferred payments of up to GBP10.1 million depending on earnings growth up to March 2015.

Corporate partner David Day led the CMS team on the acquisition with assistance from corporate associates Matt Lewy and Roshni Pabari, and tax associate, Harpreet Chatha.

David comments: “We’ve acted for Halma for many, many years. We know them really well and the depth of our relationship enabled us to rapidly negotiate a fair and balanced deal.”