on STIF (EPA:ALSTI)
STIF strengthens its expertise in Scandinavia with the acquisition of SAFEVENT
STIF, through its Belgian subsidiary STUVEX, has acquired 75% of SAFEVENT, a Danish company specializing in explosion protection for industrial environments. This acquisition marks a strategic step forward for STIF, strengthening its presence in Scandinavia. Hvidkær Holding ApS retains a 25% stake, and René Hvidkær continues to lead the company.
SAFEVENT, based in Hjorring, generated €2.5 million in revenue in 2025, half of which came from exports. The company offers a proprietary product for spark detection and explosion suppression, integrating STIF's VIGILEX products.
This initiative is part of STIF's strategy to expand its range of active and passive protection solutions for industrial environments. SAFEVENT is now STUVEX NORDIC and will distribute STUVEX products in the Scandinavian region.
R. H.
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