29 Mar Halma acquires FirePro for €150 million
Halma has acquired Cyprus-based company FirePro for US€150 million.
FirePro is a leading designer and manufacturer of aerosol fire suppression system. Its systems protect people, critical infrastructure and equipment from fire using a non-pressurised condensed aerosol technology that does not contain ozone-depleting substances of fluorinated greenhouse gases and extinguishes fire without causing damage to the environment.
FirePro’s products have been installed in over 110 countries, and are used across a broad range of industries and applications. They have listings and approvals with certified bodies around the world.
“By joining Halma, we gain access to new capabilities and collaborative opportunities with a global group of businesses which is aligned with FirePro’s purpose of protecting human life,” says Avgoustinos Avgousti, Managing Director of FirePro.
As a result of the merger, Halma has made a renewed commitment to certifications and standards of flexible technologies, seeking to offer to companies sustainable alternatives to pressurised gas fire suppression systems.
The acquisition is part of an ongoing growth strategy of Halma’s, designed to acquire businesses aligned with its goal of a cleaner, safer, healthier future for everyone every day. This financial year, Halma has completed a total of seven acquisitions so far.
Recently, FirePro generators were approved for production from VDS, one of the world’s leading security and safety corporations.