In August 2021, Texecom, a UK-based provider of electronic security products and services, was divested by Halma for a total cash consideration of £64.8 million on a cash and debt-free basis in a management buyout supported by LDC, a UK-based mid-market private equity investor. Texecom, headquartered in Lancashire, UK, manufactures and supplies intruder detection and mass notification solutions to the commercial, industrial and high-end residential markets. Two further small bolt-on acquisitions were completed in April and May 2021, including Argus Security’s purchase of its Italian distributor, IBIT, for €0.6m (£0.5m). Ramtech's audited revenue for the year ended 31 March 2021 was £9.3 million. The addition of Ramtech, alongside Argus and Apollo, strengthens Halma’s presence in the fire detection market and provides opportunities for the companies to collaborate and learn from one another. Ramtech is headquartered in Nottingham, UK, employs 65 people and supplies wireless fire systems for temporary sites, primarily in the construction markets. Halma acquired the Ramtech group of companies in August 2021 for a cash consideration of £15.7 million, on a cash and debt-free basis. The Safety Sector made 3 acquisitions in the year for an aggregate consideration of approximately £16.5 million. Sector profit increased 8.1%, or 13.3% on an organic constant currency basis, and return on sales was 22.8% (2021: 23.0%), reflecting higher technology costs and an increase in R&D spend to 5.6% of revenue (2021: 5.2%). The sector saw robust growth, with revenue increasing by 15.9% on an organic constant currency basis. The largest of three sectors of the UK listed company, the Safety Sector accounted for 42% of group revenues, reporting £641.4 million in FY2022. Their sector strategy is to grow and acquire businesses in high-value niche markets with high barriers to entry and with global reach in selected market areas of fire and security, as previously outlined in our 2020 article. Halma is a group of around 45 life-saving technology companies with FY2022 revenue exceeding £1.5 billion. One of three broad sectors in which the UK public company operates, Halma Safety Sector protects commercial, industrial and public buildings through fire safety systems and sensors for security, elevator safety and access control. Established through the acquisitions of Apollo Fire Detectors, Advanced Electronics, FFE and Firetrace businesses, the sector benefits from a long-term focus on the fire detection market, with a strong presence in the UK and Europe. This analysis is based on financial releases, investor presentations and the 2022 Annual Report. Want a Corporate or Group subscription? Get in touch.Įmail us at: this Research Note, we examine the fire and security business of Halma plc and the financial results for their Safety Sector, year ending 31 March, announced on 16 th June 2022. Their sector strategy is to grow and acquire businesses in high-value niche markets with high barriers to entry and with global reach in selected market areas of fire and security, as previously outlined in our 2020 article. Halma is a group of around 45 life-saving technology companies with FY2022 revenue exceeding £1.5 billion. One of three broad sectors in which the UK public company operates, Halma Safety Sector protects commercial, industrial and public buildings through fire safety systems and sensors for security, elevator safety and access control. Established through the acquisitions of Apollo Fire Detectors, Advanced Electronics, FFE and Firetrace businesses, the sector benefits from a long-term focus on the fire detection market, with a strong presence in the UK and Europe.

In this Research Note, we examine the fire and security business of Halma plc and the financial results for their Safety Sector, year ending 31 March, announced on 16th June 2022.

Halma reporting group