Halma has successfully acquired Limotec bvba

Halma, the leading safety, health and environmental technology group, has acquired Limotec bvba, a leading fire control panel designer and manufacturer and fire system seller in the Belgian market, for EUR9.3m. The cash consideration for Limotec, on a cash and debt free basis, was funded from Halma's existing facilities. Andrew Williams, Halma's Chief Executive, commented: "Limotec strengthens our presence in continental Europe, bringing strong brand equity and robust technology to further enable us to capitalise on growth trends in fire detection, including increasing regulation and digitalisation. This acquisition follows our successful acquisition of Advanced Electronics in the UK in 2014 and is a further example of our strategy to acquire regional partners to accelerate growth in our core Fire Detection markets.”