Buckinghamshire-based Halma has acquired Italian fire and gas safety specialist Safetec Srl for £63 million.

Founded in 2003 and based near Milan, Safetec designs and delivers customised safety systems for industries including power generation, oil and gas and pharmaceuticals, with a strong presence across the Middle East, Europe and Africa.

It is forecast to generate around £26m of revenue in the 12 months to December 2025 and will operate as a standalone business within Halma, led by its existing management team.

The deal, funded from Halma’s existing facilities, extends the group’s engineering expertise.