Halma grows fire-safety capabilities with bolt-on acquisition
27 June 2024
Halma, the global group of life-saving technology companies, today announces that it has acquired G.F.E. – Global Fire Equipment, S.A. (“GFE”) for its Safety sector company Ampac.
Ageing and crowded infrastructure mean that fire kills around 200,000 people globally each year. Many of those deaths can be prevented by fire protection systems. Governments around the world are introducing regulations to reduce fire-related deaths focusing on prevention, early detection and effective response.
GFE, headquartered in Faro, Portugal, designs and manufactures high-quality fire detection and alarm systems. With its commitment to safety and innovation, GFE provides a comprehensive range of high-quality products tailored to meet diverse fire protection needs, ensuring reliable and effective solutions for commercial, and industrial applications. Its fully certified fire safety systems are installed in over 90 countries.
The cash consideration for GFE is €42.5m (approximately £36m), on a cash- and debt-free basis, which will be funded from Halma’s existing facilities. GFE’s unaudited revenue for the 12 months to 31 March 2024 was €16.2m (approximately £13.7m).
"We are pleased to add GFE to our portfolio of fire detection and evacuation systems. GFE has a strong brand reputation, backed by proven technology and outstanding customer service. This acquisition aligns with our strategy of expanding our presence internationally and providing the most effective fire detection and evacuation solutions in the industry," said Tony Messercola, Managing Director, Ampac.
Marc Ronchetti, Group Chief Executive of Halma, commented:
“GFE’s technologies are complementary to Ampac’s fire safety systems portfolio and will further expand the geographical markets it serves. We are excited by the opportunities we continue to see for purpose-aligned acquisitions to join Halma. It is also great to see our existing companies adding new capabilities and distribution reach through bolt-on acquisitions to accelerate their long-term growth. We are delighted to welcome GFE to our portfolio of market-leading fire detection companies.”
For further information, please contact:
Halma plc
| Marc Ronchetti, Group Chief Executive | +44 (0)1494 721111 |
| Steve Gunning, Group Chief Financial Officer | |
| Charles King, Head of Investor Relations | +44 (0) 7776 685948 |
| Clayton Hirst, Director of Corporate Affairs |
+44 (0) 7384 796013 |
MHP
| Oliver Hughes / Rachel Farrington / Ollie Hoare | +44 (0)7817 458804 [email protected] |
A copy of this announcement, together with other information about Halma, is available at www.halma.com.
About Halma
Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner, healthier future for everyone, every day. Its purpose defines the three broad markets it operates in:
- Safety – Protecting people’s safety and the environment as populations grow, and enhancing worker safety.
- Environment – Addressing the impacts of climate change, pollution and waste, protecting life-critical resources and supporting scientific research.
- Health – Meeting the increasing demand for better healthcare as chronic illness rises, driven by growing and ageing populations and lifestyle changes.
It employs over 8,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific. Halma is listed on the London Stock Exchange (LON: HLMA) and is a constituent of the FTSE 100 index.
Halma has been named as one of Britain’s Most Admired Companies for the past six years.
For more information www.halma.com
