Halma Expands Safety Portfolio with Acquisition of Safetec

Halma plc (HLMA.L), the FTSE 100 constituent specializing in life-saving technology, announced the acquisition of Safetec Srl, an Italian firm specializing in fire and gas safety solutions. The acquisition, finalized today, strengthens Halma's Safety Sector and expands its reach in critical industrial markets.

The cash consideration for Safetec is €72.5 million (approximately £63 million), funded from Halma's existing financial resources. Safetec is projected to generate approximately €30 million (approximately £26 million) in revenue for the 12 months ending December 31, 2025. The acquisition is expected to be immediately accretive to Halma's earnings.

Safetec, founded in 2003 and based near Milan, Italy, provides customized fire and gas safety solutions for complex industrial projects. Its expertise lies in enabling clients to actively manage risk and adhere to stringent industry standards within sectors such as power generation, oil and gas, and pharmaceuticals. The company's primary geographic markets include the Middle East, Europe, and Africa.

This strategic move aligns with Halma's overarching goal of fostering a safer, cleaner, and healthier future. By integrating Safetec's specialized capabilities, Halma enhances its ability to offer comprehensive safety solutions in demanding environments. Safetec will operate as a standalone entity within Halma's Safety Sector, maintaining its current management team.

Marc Ronchetti, Group Chief Executive of Halma, stated, “Safetec further enhances our capabilities in fire and gas safety systems for complex industrial environments. It brings deep engineering expertise and a strong reputation for delivering high-quality, tailored safety solutions for its customers. These capabilities further strengthen the Safety sector and extend our reach in supporting the protection of lives and critical assets.”

Marco Stumpo, CEO of Safetec, added, “We are delighted to join Halma, a group that shares our values and vision. By joining Halma, we retain our autonomy, while benefiting from Halma's global network and expertise to accelerate our international growth and enhance our integrated safety solutions offering”.