DIBA » Diba Joins Halma
Thursday, July 29th 2010

Diba Joins Halma

In May, 2004 Diba Industries joined the Halma Group’s Fluid Technology Division. Halma is a strongly cash generative and highly profitable group which develops, makes and markets products that are used to protect lives, or improve the quality of life, for individuals and businesses worldwide.

Halma’s origins began in Asia in 1894. As The Nahalma Tea Estate Company Limited, it operated in Ceylon (renamed Sri Lanka in 1972). The company later switched to rubber production and in 1937 became the Nahalma Rubber Estate Company Limited.

During the 1950s the Sri-Lankan government nationalized many of the island’s businesses, including the rubber industry. In 1956 the Nahalma Rubber Estate Company Limited became Halma Investments Limited. The company ended its connections with rubber and its role changed to an investment management and industrial holding company.

Starting in 1972, a series of acquisitions was made of mechanical, electrical and electronic engineering companies and successful management generated strong organic growth. This created the basis for the international manufacturing group that Halma is today. The company changed its name to Halma Limited in 1973 and registered as a public limited company in 1981, becoming Halma p.l.c.

Halma has grown to be an established FTSE 250 business and currently comprises just under 40 subsidiary companies operating worldwide. Today, Halma’s technology centres on sensors, its markets are primarily the protection of human and capital assets, and the Group continues to grow through organic expansion and acquisition.

HALMA.COM

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