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Halma plc ( (GB:HLMA) ) has issued an announcement.
Halma plc has agreed to acquire Italian firm Safetec Srl, a specialist in customised fire and gas safety systems for large-scale, high-risk industrial projects across sectors such as power generation, oil and gas and pharmaceuticals, for €72.5m in cash on a cash- and debt-free basis. Safetec, which is forecast to generate around €30m in revenue in the year to 31 December 2025 and has a strong presence in the Middle East, Europe and Africa, will operate as a standalone business within Halma’s Safety sector under its existing management, bolstering Halma’s engineering capabilities and extending its reach in complex industrial safety markets while providing a platform to accelerate Safetec’s international growth.
The most recent analyst rating on (GB:HLMA) stock is a Buy with a £4100.00 price target. To see the full list of analyst forecasts on Halma plc stock, see the GB:HLMA Stock Forecast page.
Spark’s Take on GB:HLMA Stock
According to Spark, TipRanks’ AI Analyst, GB:HLMA is a Outperform.
Halma plc’s overall stock score reflects its strong financial performance and positive earnings call sentiment, supported by strategic corporate actions. However, the high valuation and modest dividend yield slightly temper the overall attractiveness.
To see Spark’s full report on GB:HLMA stock, click here.
More about Halma plc
Halma plc is a FTSE 100-listed global group of life-saving technology companies operating across safety, environmental and healthcare markets. It develops products and solutions that protect people and assets, address climate and pollution challenges, and meet rising demand for healthcare, employing over 9,000 people in more than 20 countries with major operations in the UK, Europe, the US and Asia-Pacific.
Average Trading Volume: 666,854
Technical Sentiment Signal: Buy
Current Market Cap: £13.67B
Learn more about HLMA stock on TipRanks’ Stock Analysis page.