Thermocable Sold To Halma Plc
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Thermocable’s specialist detection technologies further expand the range of devices Apollo offers in the commercial and industrial fire detection markets.
Based in Bradford, UK, Thermocable will become part of Apollo, Halma’s fire detection and alarm company, and will help to keep more people safe from the risk of fire. Thermocable’s technology detects fire risk using temperature sensitive cables, known as Linear Heat Detectors. This technology is particularly suited for use in challenging infrastructure and industrial applications such as tunnels, factories, car parks, and increasingly solar farms.
Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner, healthier future for everyone, every day. Its purpose defines the three broad markets it operates in:
- Safety – Protecting people’s safety and the environment as populations grow, and enhancing worker safety.
- Environment – Addressing the impacts of climate change, pollution and waste, protecting life-critical resources and supporting scientific research.
- Health – Meeting the increasing demand for better healthcare as chronic illness rises, driven by growing and ageing populations and lifestyle changes.
It employs over 7,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific. Halma is listed on the London Stock Exchange (LON: HLMA) and is a constituent of the FTSE 100 index.
Bishopsgate Advisors
Morgan Atherton
James McBain Allan
David Bulley – Managing Director, Apollo
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. Its technologies are highly aligned with our purpose to protect people and their environment.
James Rayner – Managing Director, Thermocable
Bishopsgate provided an excellent end-to-end service throughout the transaction and took a lot of stress off our shoulders as sellers. They duly delivered on their proposal and exceeded our expectations. The professionalism and expertise of their individual practitioners are second to none.
I hope to work with Bishopsgate again in the future and would highly recommend them to others.
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