Halma, a leading global group known for its life-saving technologies, has announced the acquisition of G.F.E. – Global Fire Equipment, S.A. (“GFE”) for a total consideration of €42.5 million, in a strategic move to bolster its Safety Sector fire detection capabilities through its subsidiary, Ampac Pty Ltd (Ampac).

The acquisition, structured on a cash- and debt-free basis, will be funded through Halma’s existing facilities. The deal price is anchored on GFE’s unaudited revenue of €16.2 million over the past 12 months, showcasing an adjusted EBIT margin that surpasses Halma’s target range of 19-23%. This transaction marks a significant enhancement in Halma’s competitive edge in the fire safety market, particularly extending Ampac’s market reach across Europe.

GFE, headquartered in Faro, Portugal, is recognized for its innovative fire detection and alarm systems, including control panels, fire detectors, sounders, and emergency lighting, primarily serving commercial clients. This portfolio complements Ampac’s existing technologies, facilitating an integrated approach to fire safety within Halma’s broader market-leading fire detection companies.

Marc Ronchetti, Group Chief Executive of Halma, emphasized the strategic alignment of the acquisition, stating, “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.”

Tony Messercola, Managing Director at Ampac, also highlighted the synergies, noting, “We are pleased to add GFE to our portfolio. 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.”

The acquisition of GFE is part of Halma’s ongoing strategy to enhance its global footprint in the safety, environment, and health sectors. Halma’s purpose is deeply integrated into its operational framework, focusing on creating a safer, cleaner, and healthier future. The company operates in over 20 countries, employs more than 8,000 individuals, and maintains a significant presence in markets including the UK, Europe, the USA, and the Asia Pacific. Halma is publicly traded on the London Stock Exchange (LON: HLMA) and is a proud member of the FTSE 100 index.

With this acquisition, Halma not only strengthens its position in the global market but also underlines its commitment to advancing fire safety technologies. By integrating GFE’s offerings, Halma is set to deliver more comprehensive solutions to meet the evolving needs of global markets, enhancing safety protocols and saving lives.

This strategic acquisition by Halma could serve as a blueprint for similar companies looking to expand their technological capabilities and market reach through purposeful mergers and acquisitions. The integration of GFE’s technology will likely catalyze further innovations within Halma’s already robust fire safety solutions portfolio, possibly setting new industry standards.

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