06 Feb Halma expands in fire safety sector
Halma, a global group of life-saving technology companies, has acquired Thermocable (Flexible Elements) Ltd, which will join Halma’s safety sector fire detection company Apollo Fire Detectors Limited.
Thermocable’s specialist detection technologies expand the range of devices Apollo offers, helping to keep more people safe from the risk of fire.
“Thermocable’s specialist technologies will further enhance Apollo’s existing strengths in fire detection and alarm systems for industrial and commercial customers,” said Andrew Williams, Group Chief Executive of Halma. “They will enable Apollo to address a greater range of customer needs in niche applications for a variety of sectors such as urban infrastructure and transportation, logistics, natural resources and emerging applications in renewable power generation.”
The acquisition is part of Halma’s growth strategy to acquire bolt-on and standalone businesses, with a total of four acquisitions so far this financial year. The amount of the Thermocable deal is £22 million.
“Our long-term growth is driven by increasing urbanisation, population growth and safety regulation,” said David Bulley, Managing Director of Apollo. “With the acquisition of Thermocable, we will serve a greater range of customer needs globally while offering an extra layer of protection to help extinguish fires at the source before they cause serious harm. Its technologies are highly aligned with Apollo’s purpose to protect people and their environment.”