UK-based technology group Halma plc has acquired Safetec, an Italian specialist in fire and gas safety solutions, for a total consideration of 72.5 million euros. The transaction marks the transfer of a profitable, family-owned Italian company to a British industrial group, while ensuring continuity in management and operations.
Under the terms of the agreement, Safetec will continue to operate as an independent company within Halma’s Safety sector and will be led by its current management team. The sellers are the Stumpo and Modoni families, who previously owned 100% of the company’s share capital. Prior to the sale, ownership was divided among Franco Stumpo (22%), Andrea and Marco Stumpo (20% each), and Luigi and Mattia Modoni (19% each).
Founded in 2003, Safetec designs and delivers complex safety systems for industrial environments. Its portfolio includes fire detection and gas extinguishing systems, tank protection, measurement systems, and a full range of engineering, procurement, construction, configuration, testing and commissioning services. The company primarily serves the Oil & Gas, Energy, Chemical and Pharmaceutical sectors, with a strong presence in the Middle East, Europe and Africa.
Safetec has posted solid financial performance in recent years. In 2024, the company reported revenues of 20.5 million euros, EBITDA of 5.9 million euros and net cash of 7 million euros, highlighting a healthy balance sheet and strong cash generation.
Marco Stumpo, CEO of Safetec, welcomed the transaction, stating that joining Halma represents a strategic opportunity while preserving the company’s autonomy. He noted that Halma’s global network and technical expertise will support Safetec’s international growth and enhance its integrated safety solutions offering. Marc Ronchetti, CEO of Halma, commented that the acquisition further strengthens the group’s capabilities in fire and gas safety systems for complex industrial environments. He подчеркed Safetec’s strong engineering expertise and reputation for delivering high-quality, customized safety solutions, which will expand Halma’s reach in protecting people and critical assets.
Legal advisor A&O Shearman assisted Halma on all legal aspects of the transaction, while Italian law firm BW Legal advised the sellers.
Halma plc is a global technology group focused on safety, health and environmental solutions. Listed on the London Stock Exchange and a constituent of the FTSE 100, Halma operates through a portfolio of around 50 specialized companies. For the fiscal year ended March 2025, the group reported revenues of £2.2 billion, up 11% year-on-year, and expects organic growth of around 15% in the financial year ending March 2026.