India, May 5 -- MSA Safety Incorporated (MSA), a manufacturer of industrial safety technology products and solutions, Tuesday announced that it has agreed to acquire Autronica Fire and Security, a provider of fire and gas detection and alarm system for around $555 million.
MSA is expecting the acquisition to be accretive to its growth and margins, especially to its adjusted EPS in the first full year of ownership.
"This acquisition accelerates our fixed detection growth strategy by adding a highly complementary, scaled fire and gas systems business. Autronica enhances our ability to participate earlier in project design and to deliver more integrated safety solutions across critical infrastructure, energy, and marine applications.", comme...