Halma plc ('Halma' or the
'Group')
Acquisition
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 fire detection company, Ampac Pty Ltd
(Ampac).
Headquartered in Faro, Portugal, GFE
designs and manufactures fire detection and alarm systems. Its
product portfolio includes control panel equipment, fire detectors,
sounders and emergency lighting for commercial customers. Its
technologies are complementary to Ampac's and those of our existing
portfolio of market-leading fire detection companies. The
acquisition extends Ampac's presence in Europe in the complete fire
systems market.
The consideration for GFE is €42.5m
(approximately £36m), on a cash- and debt-free basis, which will be
paid in cash and funded from Halma's existing facilities. GFE's
unaudited revenue for the 12 months to 31 March 2024 was €16.2m
(approximately £13.7m), with an adjusted EBIT margin above Halma's
target range of 19-23%.
Marc Ronchetti, Group Chief Executive
of Halma, said:
"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."
Tony Messercola, Managing Director,
Ampac, said:
"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."
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
Halma@mhpgroup.com
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