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Halma Group moves to grow fire safety capabilities with GFE acquisition

02 July 2024

HALMA PLC, the global group of life safety technology companies, has acquired Global Fire Equipment S.A. (GFE) for its safety sector company Ampac. Headquartered in Faro, Portugal, GFE designs and manufactures high-quality fire detection and alarm systems.

The cash consideration for GFE is circa £36 million on a cash-free and debt-free basis, which will be funded from Halma’s existing facilities. GFE’s unaudited revenue for the 12 months to 31 March 2024 was approximately £13.7 million.

Fostering a commitment to safety and innovation, GFE provides a comprehensive range of high-quality products tailored to meet diverse fire protection needs, ensuring reliable and effective solutions for commercial and industrial applications alike. At present, the company’s fully certified fire safety systems are installed in over 90 countries.

Marc Ronchetti, Group CEO of Halma, commented: “GFE’s technologies are complementary to Ampac’s fire safety systems portfolio and will further expand the geographical markets it serves. We’re excited by the opportunities we continue to see for purpose-aligned acquisitions to join Halma.”

Ronchetti added: “It’s also great to see our existing companies adding new capabilities and distribution reach through bolt-on acquisitions to accelerate their long-term growth. We’re delighted to welcome GFE to our portfolio of market-leading fire detection companies.”  

Tony Messercola, managing director of Ampac, observed: “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 and providing the most effective fire detection and evacuation solutions in the industry.”

 
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