British conglomerate acquires Owings Mills’ IZI Medical Products in $153.5M deal

An Owings Mills medical device company, IZI Medical Products, will now have new owners from across the pond after a $153.5 million deal. IZI Medical will be a standalone subsidiary within Halma plc, a British conglomerate involved in several “life-saving technology” sectors, from smoke detectors to medical devices. The deal with Halma, a company with a market capitalization over $8 billion, closed on Sept. 30. Halma is not the first firm outside of Maryland to acquire the 90-person medical device company. IZI was acquired by Illinois radiation company Landauer Inc. in 2011, before becoming a portfolio company of private equity firm Shore Capital Partners in 2016.