Safetec acquired by Halma
Context
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.
The acquisition of Safetec is part of the growth strategy of Halma, which already has several external growth operations under its belt, notably E2S Group in 2025.
Safetec, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, standing directly in line with the average currently observed in the Business Services sector (11.5x in 2026).
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Target
Founded in 2003, Safetec is an Italian engineering company specializing in complex fire and gas safety systems. It provides end-to-end solutions (design, procurement, construction, commissioning) for high-hazard industries such as Oil & Gas, Energy, Chemical, and Pharmaceutical. The company has a strong presence in the Middle East, Europe, and Africa.
Ent. Value
€50–150M
Equity Value
[members only]
Multiples
EV / Revenue
2x–6x
EV / EBITDA
10x–18x
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with Halma
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2026 | HALMA | DREAMPATH DIAGNOSTICS | FRANCE | Diagnostic Equipment |
| 04/2026 | HALMA | SURGISTAR | UNITED STATES | Medical Devices |
| 12/2025 | HALMA | E2S GROUP | UNITED KINGDOM | Safety & Security |
| 10/2023 | HALMA | ALPHA INSTRUMATICS | UNITED KINGDOM | Instrumentation & Measurement |
| 04/2023 | HALMA | APRIOMED | SWEDEN | Medical Devices |
| 02/2020 | HALMA | SENSIT TECHNOLOGIES | UNITED STATES | Instrumentation & Measurement |
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REFERENCES
Valuation range: EV €50–150M
Revenue range: €10–30M
EBITDA range: €5–25M
EV/Revenue range: 2x - 6x
EV/EBITDA range: 10x - 18x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Safetec by Halma are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: halma
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