Halma PLC, a global group of life-saving technology companies, has acquired G.F.E. - Global Fire Equipment, S.A. (GFE) for its Safety Sector fire detection company, Ampac Pty Ltd (Ampac). GFE, headquartered in Faro, Portugal, designs and manufactures fire detection and alarm systems, including control panel equipment, fire detectors, sounders, and emergency lighting for commercial customers. 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, expressed excitement about the acquisition, stating that GFE's technologies are complementary to Ampac's fire safety systems portfolio and will further expand the geographical markets it serves. Tony Messercola, Managing Director of Ampac, added that the acquisition aligns with their strategy of expanding their presence internationally and providing effective fire detection and evacuation solutions.
Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner, healthier future for everyone, every day. It operates in the safety, environment, and health markets, employing over 8,000 people in more than 20 countries. Halma is listed on the London Stock Exchange (LON: HLMA) and is a constituent of the FTSE 100 index.