Halma bets €150m on tech for the energy transition

Halma PLC on Tuesday announced it has acquired Brownline, a Dutch provider of technology for underground drilling, for a cash consideration of €150 million.

The deal, valued at approximately 129 million British Pounds, will be funded from Halma's existing facilities, the company said.

Brownline provides advanced gyroscopic locating systems used by contractors for trenchless drilling to install infrastructure for energy, water, and fibre connectivity.

For the 12 months ended March 31, 2025, Brownline's unaudited revenue was €37 million.

"Brownline's technology is a game-changer for safely installing underground infrastructure," said Marc Ronchetti, Group Chief Executive of Halma.

"Its ability to deliver pinpoint accuracy without surface disruption is increasingly vital as cities continue to expand and electrification accelerates."

According to the company, Brownline will become a standalone company within Halma's Environmental & Analysis sector and will be led by its current management team.