Halma buys US water quality monitoring firm for up to USD200 million

Related news

Halma PLC on Wednesday said it is buying a Houston, Texas-based water quality monitoring company for up to USD200 million in cash.

Pyxis, founded in 2013, is composed of three companies: Pyxis Lab Inc, Qipan Technology Development (Shanghai) Co Ltd, and Pyxis Europe SLU. It is expected to generate USD39 million in revenue in the financial year ending March 31, 2027.

Amersham, Buckinghamshire-based Halma will pay an initial USD170 million in cash, with up to USD30 million in additional earn-out payments in cash tied to performance through March 2029. Halma said the acquisition is being funded from existing bank facilities.

Halma provides "life-saving technology" via Safety, Environmental & Analysis, and Healthcare divisions. It said Pyxis will join Environmental & Analysis but will continue to operate as a standalone business under its existing management team.

Halma shares were up 0.6% to 3,548.00 pence on Wednesday morning in London.

Copyright 2026 Alliance News Ltd. All Rights Reserved.

Bids, mergers and takeovers

Ways to help you invest your money

Our investment accounts

Put your money to work with our range of investment accounts. Choose from ISAs, pensions, and more.

Need some investment ideas?

Let us give you a hand choosing investments. From managed funds to favourite picks, we’re here to help.

Read our expert tips and insights

Our investment experts share their knowledge on how to keep your money working hard across the markets.