Marc Ronchetti, Group Chief Executive Designate 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.Īndrew Williams, Group Chief Executive +44 (0)1494 721111 Thermocable’s unaudited revenue for the 12 months to 31 March 2022 was £6.3m, with Return on Sales substantially above the upper end of Halma's target range of 18-22%. The initial consideration for Thermocable is £22m, on a cash- and debt-free basis, which will be funded from Halma’s existing facilities. Its technologies are highly aligned with Apollo’s purpose to protect people and their environment.” “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. “Our long-term growth is driven by increasing urbanisation, population growth and safety regulation,” said David Bulley, Managing Director of Apollo. Thermocable’s technology is particularly suited for use in challenging infrastructure and industrial applications such as tunnels, factories, car parks, and increasingly solar farms. “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.” “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. Thermocable’s specialist detection technologies expand the range of devices Apollo offers, helping to keep more people safe from the risk of fire. LHDs are temperature sensitive cables, installed in areas at risk of overheating and fire, which trigger an alert when they detect a change of temperature. Thermocable is based in Bradford, UK, and is a leading developer and manufacturer of Linear Heat Detectors (LHDs). Halma, the global group of life-saving technology companies, today announces that it has acquired Thermocable (Flexible Elements) Ltd (Thermocable) for its Safety sector fire detection company, Apollo Fire Detectors Limited (Apollo). Halma Expands in Fire Safety Sector with Acquisition Environment Commitment Statement and Supplier Statement.Our sustainability approach and progress.Our markets and their long term growth drivers.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |