Xenon Building Technology has acquired Vistec, a Dublin-based gas detection specialist that has served Irish industry since 1986. The financial terms of the transaction were not disclosed.
Vistec marks Xenon's third acquisition, which the company stated continues its strategy of organic growth and complementary bolt-on acquisitions. Xenon Building Technology also noted that since its acquisition by current shareholders in 2023, the company has grown by more than 500%.
The acquisition combines the teams to form a group of 75 people, providing installation, maintenance, and rapid-response support nationwide. The combined entity will offer gas detection alongside fire detection, security, and building technology. Vistec customers will continue to be supported by their existing engineers. Ronan O'Neill and Sukhdeep Kaur, along with the Vistec team, will join Xenon.
BHSM LLP and Fitzgerald Power advised Xenon Building Technology. Philip Lee LLP and Benchmark International advised Vistec.