Autronica Fire and Security acquired by MSA Safety Incorporated
Context
MSA Safety Incorporated has completed the acquisition of Autronica Fire and Security, a Norwegian company specialising in the design and manufacturing of fire detection, gas detection and alarm systems for industrial environments and critical infrastructure. The transaction strengthens MSA’s position in advanced safety technologies and supports its strategy of expanding its portfolio of integrated solutions designed to protect people and essential assets. The acquisition is driven by strong technological and commercial complementarity between the two businesses. Autronica’s portfolio enhances MSA’s fixed detection capabilities, while its European presence strengthens MSA’s direct reach across strategic markets. The combination creates additional opportunities across key sectors including maritime, oil and gas, energy, infrastructure and industrial applications, where demand for reliable safety systems continues to grow. Following completion, MSA will implement an integration programme focused on leveraging the combined capabilities of both organisations, enhancing operational efficiency and accelerating innovation. Autronica’s technical expertise and customer-focused approach will remain important components in maintaining product reliability and supporting long-term customer relationships.
Autronica Fire and Security, which reported an EBITDA margin of [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of 15x–25x, representing a premium to the average currently observed in the Industry & Manufacturing sector (11.7x).
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Target
Autronica Fire and Security, headquartered in Trondheim, Norway, designs, manufactures and supplies fire detection, gas detection and alarm systems for mission‑critical environments. The company’s product portfolio encompasses fixed and addressable detectors, control panels, alarm sounders and integrated safety networks, engineered to meet stringent reliability standards for maritime, oil and gas, infrastructure and industrial applications. Autronica operates a vertically integrated value chain, from component engineering through production to global distribution, enabling rapid configuration and deployment of safety solutions. Its client base includes shipyards, offshore platforms, refineries, power generation facilities and large‑scale industrial complexes, which rely on the firm’s expertise in system integration and lifecycle support. The firm maintains an international footprint through a network of regional sales offices, service centers and certified installers, ensuring proximity to end‑users across Europe, the Americas and the Asia‑Pacific region. Autronica’s business model leverages long‑term service contracts, technical consultancy and aftermarket parts to generate recurring revenue streams while reinforcing its reputation for dependable safety technology. The organization’s strategic focus centers on continuous product innovation, compliance with global safety regulations and the provision of comprehensive training and maintenance services to safeguard life, environment and assets.
Ent. Value
$500M–1.5bn
Equity Value
[members only]
Multiples
EV / Revenue
2x–6x
EV / EBITDA
15x–25x
EV / EBIT
[members only]
Historical Financials (USD)
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REFERENCES
Valuation range: EV $500M–1.5bn
Revenue range: $100–200M
EBITDA range: $25–50M
EV/Revenue range: 2x - 6x
EV/EBITDA range: 15x - 25x
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: autronica fire and security
Acquirer: msa safety incorporated