Halma acquires Italy-based Safetec in €72.5m fire and gas deal
Iain Hoey
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Halma confirms Safetec acquisition in Italy
Halma has acquired Safetec, an Italy-based provider of customised fire and gas safety solutions for large-scale industrial projects.
The company said Safetec was founded in 2003 and is headquartered near Milan.
Halma said Safetec designs, engineers and delivers tailored systems for complex and high-risk industrial environments.
Purchase price, funding and business structure
Halma said the cash consideration is €72.5m, around £63m, on a cash- and debt-free basis.
It added that the acquisition will be funded from Halma’s existing facilities.
Halma said Safetec’s revenue for the 12 months to 31 December 2025 is forecast to be about €30m, around £26m.
The company said Safetec will operate as a standalone business within Halma’s Safety Sector, led by its current management team.
Safetec markets and regions cited
Halma said Safetec serves markets including power generation, oil and gas and pharmaceutical sectors.
It added that Safetec works in other highly regulated sectors where stringent safety requirements apply.
Halma said Safetec’s solutions support customers to manage risk and comply with industry standards in demanding environments.
The company said Safetec’s major geographic markets include the Middle East, Europe and Africa.
Executive comments on the deal
Marc Ronchetti, Group Chief Executive of Halma, commented: “Safetec further enhances our capabilities in fire and gas safety systems for complex industrial environments.
“It brings deep engineering expertise and a strong reputation for delivering high-quality, tailored safety solutions for its customers.
“These capabilities further strengthen the Safety sector and extend our reach in supporting the protection of lives and critical assets.
“We are pleased to welcome Safetec to Halma and excited by the opportunities for its continued growth.”
Marco Stumpo, CEO of Safetec, said: “We are delighted to join Halma, a group that shares our values and vision.
“By joining Halma, we retain our autonomy, while benefiting from Halma’s global network and expertise to accelerate our international growth and enhance our integrated safety solutions offering”.
