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Corporate Score 42 Bullish

Halma Expands Ophthalmic Portfolio with £67 Million Acquisition of Surgistar

Apr 13, 2026 06:18 UTC
HLMA.L
Medium term

Halma has acquired California-based Surgistar, Inc. to bolster the capabilities of its healthcare subsidiary, MicroSurgical Technology. The deal aims to enhance the group's manufacturing capacity and global distribution of ophthalmic surgical instruments.

  • Purchase price of approximately £67 million
  • Integration into MicroSurgical Technology (MST)
  • Expansion of ophthalmic product range including blades and cannulas
  • Utilization of existing global distribution channels
  • Funding sourced from existing corporate facilities

Halma has announced the acquisition of Surgistar, Inc., a specialist in the design and manufacture of ophthalmic surgical devices. The transaction is structured as a bolt-on acquisition for MicroSurgical Technology (MST), a company operating within Halma's Healthcare Sector. Based in California, Surgistar provides a specialized product portfolio that includes trephines, cannulas, and blades. This acquisition is designed to integrate Surgistar's differentiated product range into MST's existing operations, thereby strengthening Halma's overall position in the ophthalmic surgical market. The acquisition is valued at approximately £67 million on a cash- and debt-free basis. Halma confirmed that the transaction will be funded through its existing financial facilities, indicating no immediate need for external capital raising. According to Chief Executive Marc Ronchetti, the move is intended to enhance MST's manufacturing capabilities and drive long-term growth by utilizing MST's established direct and global sales channels. The integration is expected to provide immediate synergies in product offering and operational scale. At the most recent market close, Halma shares were trading at 4,155.82 pence.

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