LONDON: Halma Plc, the global group of life-saving technology companies focused on growing a safer, cleaner, healthier future for everyone, every day, today announced that it has acquired Safetec Srl (Safetec).
Founded in 2003 and headquartered near Milan, Italy, Safetec designs, engineers and delivers customised fire and gas safety solutions for large-scale, complex and high-risk industrial projects. Safetec’s solutions enable its customers to actively manage risk and comply with industry standards to protect people and critical assets in demanding environments. Its markets include power generation, oil and gas, pharmaceutical and other highly regulated sectors where stringent safety requirements are critical. Its major geographic markets are the Middle East, Europe and Africa.
The cash consideration for Safetec is €72.5m (approximately £63m), on a cash- and debt-free basis, to be funded from Halma’s existing facilities. Safetec’s revenue for the 12 months to 31 December 2025 is forecast to be approximately €30m (approximately £26m). Safetec will be a standalone company within Halma’s Safety Sector, led by its current management team.
Marc Ronchetti, Group Chief Executive of Halma, commented: “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.”
Marco Stumpo, CEO of Safetec, said: “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”.