“The acquisition of Semmco aligns with our strategy to expand geographically”Sverker Lindberg, President and CEO of HAKI Safety, shared insights into the strategic acquisition: “We continue the Group’s growth journey with a focus on products and solutions that create safe working conditions in complex environments. The acquisition of Semmco aligns with our strategy to expand geographically and within sectors with complex needs. This acquisition allows HAKI Safety to expand into the aviation and rail sectors, which is very exciting.” For HAKI, Semmco’s established market presence and customer-oriented approach are a natural fit. Like HAKI, Semmco collaborates closely with its clients from the design phase through to delivery and beyond, fostering long-term relationships. The integration is expected to generate opportunities for shared production and sales capabilities, further bolstering both companies’ operations. Semmco’s founder, Stuart McOnie, who has led the company since its inception in 1993, expressed confidence in HAKI’s stewardship: “I started Semmco over 31 years ago with the ambition of building a reputable and successful business. We took our time to find the right partner with the same focus on manufacturing excellence and business integrity. I believe that HAKI Safety is the right business to take Semmco forward to continued success.” The acquisition includes a purchase price of up to £8.5 million, combining a fixed sum of £5.6 million and a performance-based additional price of up to £2.9 million, contingent on Semmco’s performance in 2025. HAKI expects no material integration costs, and the acquisition is anticipated to have a positive impact on the Group’s 2024 results.
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