FluxData Inc. has been acquired by Halma PLC, a United Kingdom-based safety, health and environmental safety group.
The deal is expected to nearly double the local workforce, company leaders said. FluxData employs 21 people and expects to add another 18 locally and two more in China as a result of the acquisition, FluxData president Pano Spiliotis said.
FluxData will become part of Halma’s Environmental and Analysis sector, officials said. Halma, through cash and debt facilities, will pay $12 million for the local firm, with a further contingent consideration of up to $15.5 million based on performance through March 31, 2019.
Founded in 2006, FluxData is a Rochester-based firm that provides multi-spectral and polarimetric imaging systems for a range of applications, including high-volume production quality control, medical imaging, food and agricultural analysis, traffic control, and air and water analysis for environmental protection.
“FluxData’s access to Halma’s wide array of resources will allow us to grow and mature as a company, accessing new markets and delivering more solutions to new and existing customers across the globe,” Spiliotis said in a statement.
Halma is a group of nearly 50 businesses based in more than 20 countries.
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