Halma plc (GB:HLMA) has released an update.
Halma plc, known for its life-saving technology companies, has expanded its fire safety portfolio by acquiring Portugal-based Global Fire Equipment S.A. for €42.5 million. The acquisition, which will be funded from Halma’s existing facilities, aligns with the company’s strategy to enhance its international presence in the fire systems market and is expected to complement and extend the capabilities of Ampac Pty Ltd, Halma’s fire detection company. With GFE’s strong brand, innovative technology, and impressive financial performance, Halma continues to strengthen its position in providing comprehensive fire detection and safety solutions globally.
For further insights into GB:HLMA stock, check out TipRanks’ Stock Analysis page.
