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Halma buys FirePro for €150m
(Sharecast News) - Halma said it had bought FirePro, a manufacturer of aerosol-based fire suppression systems, for €150m (£132m) on a cash- and debt-free basis.
FirePro's unaudited revenue for the 12 months to December 31 was €23.3m, with return on sales more than double Halma's target range of 18-22%. The Cyprus-based company, will operate as a standalone company within Halma's Safety sector and continue to be led by its current management team.
Reporting by Frank Prenesti for Sharecast.com
Halma Shares in this article
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