Leading growth investor Synova is delighted to announce that Halma plc [LSE: HLMA] has acquired portfolio company MK Test (the “Company”). The sale will generate a return of 3x invested capital for Synova.
MK Test is a global leader in testing safety critical, high voltage electrical systems in the aerospace, rail and commercial EV industries and is a trusted partner to some of the leading manufacturers in the world.
Synova is proud to have supported the Company through a transformational period of growth, technological development, and international expansion. During a decade long partnership, we have built a management team around Managing Director, Jason Evans, invested heavily in completely re-engineering MK Test’s solutions with new software and hardware platforms and used the team’s market leading expertise to develop new, safety critical solutions for the aerospace industry as well as using this expertise to enter new markets such as Rail, Oil & Gas and Electric Vehicles. From its head office in Somerset, UK, the Company has gone on to develop a global presence across North America, Latin America and Asia to capitalize on the market opportunity and provide support to its global customer base.
We are excited to see the continued growth of the Company under Halma’s ownership.
