Halma plc ('Halma' or the 'Group')
Acquisition
Halma, the global group of life-saving technology companies focused on growing a safer, cleaner, healthier future for everyone, every day, today announces that it has acquired E2S Group Ltd (E2S).
Founded in 1992, E2S designs, develops and manufactures high performance notification, initiation and detection devices primarily used in highly hazardous environments in heavy industries and complex manufacturing. E2S products are crucial for alerting personnel to potential dangers enabling a quick response and enhancing safety. It operates in various end markets including oil and gas, renewable energy power and manufacturing, where safety solutions are highly regulated given the severity of potential hazards. E2S is headquartered in London, UK, with operations in the USA and France.
The cash consideration for E2S is £230m, on a cash- and debt-free basis, to be funded from Halma's existing facilities. E2S's revenue for the 12 months to 31 December 2025 is forecast to be approximately £44m. The acquisition supports a continued expansion into fire detection and alarm systems and E2S will sit within Halma's Safety Sector.
Marc Ronchetti, Group Chief Executive of Halma, commented: "We are excited that E2S is joining Halma. The company brings new capabilities in growing, highly regulated industrial safety markets which are critical in protecting human life, and solutions and technologies which are complementary to our existing strengths in fire safety and gas detection. We look forward to supporting their continued development as they continue to scale their business globally."
Brett Isard, Co-founder and CEO of E2S said: "We're delighted to join Halma, whose values and focus closely align with ours. Joining the Halma group gives E2S access to global resources and expertise that will help accelerate the next phase of our growth. We are looking forward to benefiting from being part of a larger organisation as we continue to expand our product range, providing our customers and partners with innovative life safety solutions, protecting people and assets in harsh and hazardous environments."
| Halma plc | |
| Marc Ronchetti, Group Chief Executive | +44 (0)1494 721111 |
| Carole Cran, Group Chief Financial Officer | |
| Melanie Horton, Co-Head of Investor Relations | +44 (0) 7554 013 396 |
| Charles King, Co-Head of Investor Relations | +44 (0) 7776 685948 |
| | |
| MHP | |
| Oliver Hughes / Rachel Farrington / Ollie Hoare | +44 (0)7817 458 804 / halma@mhpgroup.com |
A copy of this announcement, together with other information about Halma, is available at 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 the safety of people and assets as populations grow and the demand on infrastructure increases.
· 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 9,000 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
ENDS
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
