9th Jan 2026 08:54
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. Read More
