Halma has acquired Italian fire and gas safety solutions manufacturer, Safetec, for £63m.

Founded in 2003 and headquartered in Milan, Safetec provides solutions that enable its customers to actively manage risk and comply with industry standards to protect people and critical assets in demanding environments.

Its markets include power generation, oil and gas, pharmaceutical and other highly regulated sectors where safety requirements are critical. Its major geographic markets are Europe, Middle East and Africa.

In the year to 31 December, Safetec’s revenue is expected to be approximately £26m.

The Italian firm will be a standalone company within Halma’s safety sector, led by its current management team.

Group chief executive at Halma, Marc Ronchetti, said: "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."

Chief executive officer at Safetec, Marco Stumpo, added: "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."

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