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Halma Group acquires FirePro in major £132 million deal

HALMA, THE global group of life safety technology-focused companies, has announced its acquisition of FirePro, the leading designer and manufacturer of aerosol fire suppression systems headquartered in Limassol. The deal has been struck for €150 million (approximately £132 million) on a cash- and debt-free basis.

The acquisition is part of Halma’s growth strategy to acquire businesses aligned with its purpose of growing a safer, cleaner and healthier future for everyone, every day. In point of fact, Halma has now completed a total of seven acquisitions during this financial year.

The company’s systems protect people, critical infrastructure and equipment from fire using a non-pressurised condensed aerosol technology, which does not contain ozone-depleting substances or fluorinated greenhouse gases and extinguishes fire without causing damage to the environment.

Halma Group acquires FirePro in major £132 million deal

THE CHARTERED Institute of Building (CIOB) and the Royal Institute of British Architects (RIBA) have jointly published a free guide to managing safety-critical elements in building construction. The guide is designed for members of both organisations and the wider built environment sector.

The Guide to Managing Safety-Critical Elements in Building Construction helps to identify high-risk elements in and around buildings. It outlines systems that should be adopted to ensure that safety-critical elements are properly incorporated and will serve as an important tool to ensure good practice and deliver safe, high-quality buildings.

The document recognises the cross-industry need for a rigorous and structured approach to the design, construction and inspection of safety-critical building elements, in particular highlighting elements that, if omitted or otherwise installed incorrectly, can pose significant risk to people in and around buildings.

CIOB and RIBA publish guide on high-risk elements of buildings

 

 

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