Halma plc (LSE:HLMA) has agreed to acquire Italy-based Safetec Srl for €72.5 million in cash, strengthening its position in high-specification industrial safety systems and broadening its exposure to complex, high-risk project environments.
Safetec specialises in bespoke fire and gas detection solutions for large-scale industrial developments, serving sectors that include power generation, oil and gas, and pharmaceuticals. The business is expected to generate approximately €30 million in revenue in the year to 31 December 2025 and has established operations across the Middle East, Europe, and Africa.
The transaction will be completed on a cash- and debt-free basis, with Safetec continuing to operate as an independent company within Halma’s Safety sector under its existing management team. Halma said the acquisition enhances its engineering depth and provides a strong platform to support Safetec’s international expansion, while extending Halma’s reach in technically demanding industrial safety markets.
From an investment perspective, Halma continues to be supported by solid financial performance and constructive management commentary, reinforced by targeted acquisitions such as Safetec. However, its premium valuation and relatively modest dividend yield may temper near-term appeal for some investors.
More about Halma plc
Halma plc is a FTSE 100-listed global group of life-saving technology companies operating across safety, environmental, and healthcare markets. The group develops products and solutions designed to protect people and assets, address environmental and climate-related challenges, and meet growing healthcare needs. Halma employs more than 9,000 people worldwide, with operations spanning the UK, Europe, North America, and Asia-Pacific.
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