This strategic transaction marks a major milestone in STIF’s growth trajectory, reinforcing its position as a european co-leader in the field of explosion protection. By integrating an active protection offering to complement its historical know-how in passive protection, STIF has become a key player in industrial and energy security.
With 50 employees, StuvEx is a Belgian company specializing in the design, engineering, implementation and maintenance of systems that enable active protection against dust and gas explosions. It has a strong reputation in the agri-food, chemical, dust treatment and wood sectors with commercial operations concentrated mainly in the Benelux, France and the United Kingdom.
StuvEx achieved revenue of €13.0 million in 2024 and is a profitable company. The EBITDA margin has historically a level of profitability in line with the industry sector. The acquisition is financed mainly by bank debt and the company will be consolidated in the Group’s financial statements as from 01/07/2025.
José Burgos, Chairman and CEO of STIF, said: “The integration of StuvEx enables STIF to increase the recurrence of its revenues, strengthen its industrial independence, and offer complete, certified solutions that meet the growing challenges of safety. Multiple synergies are expected: complementarity of product offerings, expansion of the product range, development of high value-added services, acceleration of international commercial reach, and entry into new market segments, including the military field. We are pleased to welcome the StuvEx teams to the Group. Together, we are becoming a key player in industrial and energy risk prevention on a global scale.”
