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BUZZ-Halma: deal drives shares to 34-yr high

** UK engineering firm Halma (Frankfurt: 865047 - news) hits 34-year high after announcing deal to buy pipeline inspection equipment specialist Mini-Cam Enterprises

** Co says to pay ‍initial cash consideration of 62 mln stg on a cash- and debt-free basis

** ‍Co says acquisition is expected to be immediately earnings enhancing

** Investec (LSE: INVP.L - news) says business can be expected to fit very well into the water technologies cluster within Halma's Environmental & Analysis, with good market synergies; broker sticks with "buy" rating on Halma

** Investec says Halma still has plenty of firepower, and opportunities, to augment its organic growth

** Stock up 2.6 pct

(rahul.b.thomsonreuters.com@reuters.net)