Safety technology company, Halma Plc has acquired Sensit Technologies LLC, a gas leak detection company for $US51.5 million.
Sensit manufactures equipment and designs technologies that enable natural gas utilities to detect leaks in their pipes, protecting workers in the natural gas distribution industry, ensuring compliance with regulatory standards, and reducing climate change effects by minimising emissions of methane.
Their technology is also used in emergency response situations by firefighters facing explosion risk due to leaking natural gas.
Sensit will become part of Halma’s Process Safety sector and will continue to be led by its existing management team, who were significant shareholders, from its current location.
Halma CEO, Andrew Williams, said Sensit enhances Halma’s gas detection capabilities, with its strong market position and technological capabilities in the natural gas leak detection market.
“Its growth is supported by tightening safety and environmental regulatory standards, which protect communities and workers from hazards, and minimise climate change impacts,” he said.