Halma plc’s $60 Million Acquisition of Deep Trekker Inc.

Gowling WLG advised Deep Trekker on the deal.

Halma plc (LON: HLMA), a global group of life-saving technology companies, had acquired Deep Trekker Inc. for cash consideration of $60 million on a cash and debt free basis, funded from Halma’s existing facilities.

Headquartered in Kitchener, Ontario, Deep Trekker is a market-leading manufacturer of remotely operated underwater robots used for inspection, surveying, analysis and maintenance. It serves markets including aquaculture, renewable energy and ocean science and research.
 
Gowling WLG advised Deep Trekker in this transaction with a team that included Sean Gomes (Picture), Duncan Snyder and Anita Yuk (M&A), Ian Macdonald and Elad Gafni (Investment Canada), Paul Carenza (tax) and Chris Andree (employment).

 

Involved fees earner: Christopher Andree – Gowling WLG; Paul Carenza – Gowling WLG; Elad Gafni – Gowling WLG; Sean Gomes – Gowling WLG; Ian Macdonald – Gowling WLG; Duncan Snyder – Gowling WLG; Anita Yuk – Gowling WLG;

Law Firms: Gowling WLG;

Clients: Deep Trekker Inc.;

Giulia Di Palma

Author: Giulia Di Palma