REG - Halma PLC - Acquisition

HalmaAnnouncement

27/06/2024 07:00

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RNS Number : 0269U  Halma PLC  27 June 2024

Halma plc ('Halma' or the 'Group')

Acquisition

 

Halma, the global group of life-saving technology companies, today announces
that it has acquired G.F.E. - Global Fire Equipment, S.A. ("GFE") for its
Safety Sector fire detection company, Ampac Pty Ltd (Ampac).

 

Headquartered in Faro, Portugal, GFE designs and manufactures fire detection
and alarm systems. Its product portfolio includes control panel equipment,
fire detectors, sounders and emergency lighting for commercial customers. Its
technologies are complementary to Ampac's and those of our existing portfolio
of market-leading fire detection companies. The acquisition extends Ampac's
presence in Europe in the complete fire systems market.

 

The consideration for GFE is €42.5m (approximately £36m), on a cash- and
debt-free basis, which will be paid in cash and funded from Halma's existing
facilities. GFE's unaudited revenue for the 12 months to 31 March 2024 was
€16.2m (approximately £13.7m), with an adjusted EBIT margin above Halma's
target range of 19-23%.

 

Marc Ronchetti, Group Chief Executive of Halma, said:

 

"GFE's technologies are complementary to Ampac's fire safety systems portfolio
and will further expand the geographical markets it serves. We are excited by
the opportunities we continue to see for purpose-aligned acquisitions to join
Halma. It is also great to see our existing companies adding new capabilities
and distribution reach through bolt-on acquisitions to accelerate their
long-term growth. We are delighted to welcome GFE to our portfolio of
market-leading fire detection companies."

 

Tony Messercola, Managing Director, Ampac, said:

 

"We are pleased to add GFE to our portfolio of fire detection and evacuation
systems. GFE has a strong brand reputation, backed by proven technology and
outstanding customer service. This acquisition aligns with our strategy of
expanding our presence internationally and providing the most effective fire
detection and evacuation solutions in the industry."

 

For further information, please contact:

Halma plc

Marc Ronchetti, Group Chief Executive
    +44 (0)1494
721111

Steve Gunning, Group Chief Financial Officer

Charles King, Head of Investor Relations
     +44 (0) 7776 685948

Clayton Hirst, Director of Corporate
Affairs                          +44 (0) 7384
796013

 

MHP

Oliver Hughes / Rachel Farrington / Ollie Hoare
+44 (0)7817 458804

Halma@mhpgroup.com (mailto:Halma@mhpgroup.com)

 

A copy of this announcement, together with other information about Halma, is
available at www.halma.com (http://www.halma.com) .

 

About Halma

Halma is a global group of life-saving technology companies, focused on
growing a safer, cleaner, healthier future for everyone, every day. Its
purpose defines the three broad markets it operates in:

·    Safety - Protecting people's safety and the environment as
populations grow and enhancing worker safety.

·    Environment - Addressing the impacts of climate change, pollution and
waste, protecting life-critical resources and supporting scientific research.

·    Health - Meeting the increasing demand for better healthcare as
chronic illness rises, driven by growing and ageing populations and lifestyle
changes.

 

It employs over 8,000 people in more than 20 countries, with major operations
in the UK, Mainland Europe, the USA and Asia Pacific. Halma is listed on
the London Stock Exchange (LON: HLMA) and is a constituent of the FTSE 100
index.

Halma has been named as one of Britain's Most Admired Companies for the past
six years.

For more information www.halma.com (http://www.halma.com/)

 

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