Halma has acquired hazard detection firm, E2S Group, for a cash consideration of £230m.

The FTSE 100 life-saving technology firm said the takeover supports its continued expansion into fire detection and alarm systems.

E2S is headquartered in London and has operations in the US and France. It develops and manufactures high performance notification, initiation and detection devices, primarily used in highly hazardous environments in heavy industries and complex manufacturing.

The firm operates in various end markets including the oil and gas, and renewable energy power and manufacturing sectors.

E2S’s revenue for the 12 months to 31 December is forecast to be approximately £44m.

The acquisition comes after Halma reported a 29.3% year-on-year profit increase in the first half of its financial year, while its revenue increased by 15.2% to a record £1.42bn.

Group chief executive at Halma, Marc Ronchetti, said: "We are excited that E2S is joining Halma. The company brings new capabilities in growing, highly regulated industrial safety markets which are critical in protecting human life, and solutions and technologies which are complementary to our existing strengths in fire safety and gas detection. We look forward to supporting their continued development as they continue to scale their business globally."

Co-founder and chief executive officer at E2S, Brett Isard, added: "We're delighted to join Halma, whose values and focus closely align with ours. Joining the Halma group gives E2S access to global resources and expertise that will help accelerate the next phase of our growth.

"We are looking forward to benefiting from being part of a larger organisation as we continue to expand our product range, providing our customers and partners with innovative life safety solutions, protecting people and assets in harsh and hazardous environments."

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