MK Test Systems | Stephens

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Sell-Side Advisor

MK Test Systems

Value Not Disclosed 05/01/2024 Aerospace & Defense Complete
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Transaction Details

  • On May 1, 2024, it was announced that MK Test Systems (“MK Test”), a global leader in testing safety critical, high voltage electrical systems, has been acquired by Halma plc (“Halma”).
  • “MK Test further enhances our capabilities in electrical safety and brings new opportunities for growth, driven by increasing safety regulation and the need to protect high value assets,” said Marc Ronchetti, Group Chief Executive of Halma. He continued, “We are delighted to welcome MK Test and to support its development as it continues to scale its business globally.”
  • Alex Bowden, Partner at Synova (“Synova”), noted that MK Test represents a “…strong example of our investment strategy of identifying great businesses and teams with the potential to become market leaders and driving growth through transformational change.”
  • “Joining Halma means we can grow our business in key markets while helping more businesses meet increasing safety regulations and demands for test traceability,” said Jason Evans, Managing Director of MK Test.

About the company

MK Test Systems
Headquartered in Somerset, UK, MK Test designs and manufactures safety-critical technology used in the aerospace, rail and commercial electric vehicle industries. MK Test offers automated testing, which is quicker, more reliable and provides compliance traceability ensuring safety risks are addressed.

Synova is recognised as one of Europe’s most innovative growth investors, generating market-leading returns. Synova invests in companies valued between £20m and £250m in the UK, Ireland, and continental Europe.

Halma plc (LON:HLMA)
Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner, healthier future for everyone, every day. Halma employs over 8,000 people in more than 20 countries, is listed on the London Stock Exchange and is a constituent of the FTSE 100 index.

Sources: Company documents, transaction press releases.
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