In this Research Note, we examine the fire and security business of Halma plc and the financial results for their Safety Sector, year ending 31 March, announced on 16th June 2022.  This analysis is based on financial releases, investor presentations and the 2022 Annual Report. Halma is a group of around 45 life-saving technology companies with FY2022 revenue exceeding £1.5 billion. One of three broad sectors in which the UK public company operates, Halma Safety Sector protects commercial, industrial and public buildings through fire safety systems and sensors for security, elevator safety and access control. Established through the acquisitions of Apollo Fire Detectors, Advanced Electronics, FFE and Firetrace businesses, the sector benefits from a long-term focus on the fire detection market, with a strong presence in the UK and Europe.  Their sector strategy is to grow and acquire businesses in high-value niche markets with high barriers to entry and with global reach in selected market areas of fire and security, as previously outlined in our 2020 article. The largest of three […]