Halma plc has acquired the entire share capital of Safetec S.r.l. from the founding Stumpo and Modoni families. The transaction involves a full cash consideration. Safetec will continue to operate as a standalone company within Halma's Safety sector, retaining its current management team led by CEO Marco Stumpo. This acquisition enhances Halma's capabilities in fire and gas detection for complex industrial environments and expands its geographical footprint in the Middle East and Africa energy sectors. The deal provides a full exit for the founding families while ensuring operational continuity for the business.

SAFETEC, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the 11.3x average currently observed in the Business Services sector.

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