Halma PLC (HLMA)

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Sell: 3,858.00p|Buy: 3,860.00p|Change: 34.00 (0.88%)

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IN BRIEF: Halma acquires Safetec for EUR73 million

IN BRIEF: Halma acquires Safetec for EUR73 million 2026-01-09T08:54:26+0000

Halma PLC - Amersham, England-based safety products manufacturer - Acquires Milan, Italy-headquartered Safetec Srl, which produces "customised fire and gas safety solutions for large-scale, complex and high-risk industrial projects". Says Safetec's markets include highly regulated sectors such as power generation, oil and gas, and pharmaceuticals, and that its major geographic markets are Europe, Africa, and the Middle East. Expects Safetec to report around EUR30 million in revenue for 2025. Cash consideration totals EUR72.5 million, which Halma will fund using its existing facilities. Safetec will retain its current management and continue to operate as a standalone business within Halma's Safety Sector.

Halma Chief Executive Marc Ronchetti comments: "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. We are pleased to welcome Safetec to Halma and excited by the opportunities for its continued growth."

Current stock price: 3,680.00 pence, up 1.4% on Friday morning in London

12-month change: up 35%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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