APi Group Corporation (NYSE: APG) today announced that it has entered into a definitive agreement to acquire Wtech Fire Group, a comprehensive provider of fire protection, suppression, and detection solutions across Europe.
The transaction is expected to close in the second half of 2026, subject to customary closing conditions, including receipt of required regulatory approvals.
Wtech is headquartered in Ireland and serves various European markets, including the United Kingdom, Ireland, Spain, Germany, and the Nordic region.
As fire sprinkler and suppression services represent a key growth opportunity within APi's international business, the acquisition of Wtech meaningfully enhances APi's capabilities in this area and positions the Company to offer customers a more comprehensive, end-to-end fire and life safety solution across Europe. Wtech is expected to contribute approximately $175 million in annual revenue, with a margin profile consistent with APi’s international business.
Russ Becker, APi’s President and Chief Executive Officer, stated: “We are excited to welcome the Wtech team to the APi family. Our international business has built real strength in fire alarm and detection, and electronic security, but fire sprinkler and suppression is an area where we need greater scale to truly serve our customers end-to-end. Wtech fills that gap nicely, and their expertise in this space makes them a natural fit.”
APG shares leaped $1.22, or 2.8%, to $45.62.
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