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FirePro acquired by Halma for €150 million

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Halma, the global group of life-saving technology companies, has announced the acquisition of leading designer and manufacturer of aerosol fire suppression systems FirePro.

Headquartered in Limassol, Cyprus, FirePro’s systems are designed to protect people, critical infrastructure and equipment from fire using a non-pressurised condensed aerosol technology which does not contain ozone depleting substances or fluorinated greenhouse gases and extinguishes fire without causing damage to the environment.

FirePro’s products have been installed in over 110 countries across a broad range of industries and applications, and have listings and approvals with certified bodies around the world.

Avgoustinos Avgousti, Managing Director of FirePro commented on the acquisition: “Fire safety technology plays a key role in protecting people and their environment. By joining Halma, we gain access to new capabilities and collaborative opportunities with a global group of businesses which is aligned with FirePro’s purpose of protecting human life.”

‘A valuable addition’

Andrew Williams, Group Chief Executive of Halma, said the acquisition represents a valuable addition to our portfolio of fire detection and suppression solutions: “Its technologies provide a sustainable alternative to established pressurised gas fire suppression solutions.

“There are strong opportunities for growth in its existing market niches, driven by higher regulatory standards, and the adoption of new technologies for renewable energy are creating new opportunities for growth. We are delighted to welcome FirePro to Halma and look forward to working with the team to expand FirePro’s global impact.”

The acquisition is part of Halma’s growth strategy to acquire businesses aligned with its purpose of growing a safer, cleaner, healthier future for everyone every day. Halma has completed a total of seven acquisitions so far this financial year.

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