Mullingar-based Wtech Fire Group Acquired by US-listed API Group
On April 17, 2026, Mullingar-based Wtech Fire Group agreed to be acquired by US-listed API Group Corporation (NYSE: APG) for an undisclosed sum. The transaction is expected to close in the second half of 2026, subject to customary closing conditions, including receipt of required regulatory approvals.
About Wtech Fire Group
Headquartered in Mullingar, County Westmeath, Ireland, Wtech Fire Group is a specialist provider of fire protection, detection, and maintenance services. Founded in 1985, the company has grown substantially over the decades to now employ over 800 people across its operations. Wtech serves clients across various sectors including commercial, industrial, power substations, data centres, and renewable energy. The company operates in key markets such as the United Kingdom, Ireland, Sweden, Norway, and Germany.
About API Group
API Group Corporation is a US-listed global business services provider headquartered in New Brighton, Minnesota. The company offers fire and life safety, security, elevator and escalator, and specialty services. With over 500 locations worldwide, API Group maintains a substantial recurring revenue base and serves a strong base of long-standing customers across industries.
Strategic Rationale for the Acquisition
According to API Group’s President and Chief Executive Officer Russ Becker, the acquisition addresses a key growth opportunity within the company’s international business. Whereas API Group has built strength in fire alarm and detection, and electronic security, the fire sprinkler and suppression segment represents an area where greater scale is needed to serve customers end-to-end. Wtech Fire Group’s expertise in this space fills that gap, enabling API Group to offer a more comprehensive, end-to-end fire and life safety solution across Europe.
Financial Details
Wtech Fire Group is expected to contribute approximately $175 million in annual revenue to API Group following the acquisition. The margin profile of Wtech’s business is consistent with API Group’s international business. The financial terms of the transaction were not disclosed in the announcement.
Leadership and Integration
Ted Wright, Wtech Fire Group’s Chief Executive Officer, will continue to lead the business after the acquisition closes. Wright described the deal as “transformational” for the company, noting the strong alignment in values and culture between the two organizations. He emphasized that being part of API Group’s global platform provides the scale to deliver even more for customers who trust Wtech to deliver high-quality fire and life safety solutions.
Background on Ownership
Today’s deal marks Waterland Ireland’s first exit, following the beginning of its partnership with Wtech in 2021 to support an ambitious growth programme. Since then, Wtech has scaled significantly, including completing 12 strategic acquisitions under Waterland Ireland’s ownership.
Conclusion
The acquisition of Wtech Fire Group by API Group represents a significant step in API Group’s strategy to strengthen its fire and life safety capabilities across Europe. By integrating Wtech’s expertise in fire sprinkler and suppression services, API Group aims to enhance its ability to serve customers with comprehensive solutions. The transaction is expected to close in the second half of 2026, pending regulatory approvals and other customary closing conditions.
Mullingar-based Wtech Fire Group Acquired by US-listed API Group
On April 17, 2026, Mullingar-based Wtech Fire Group agreed to be acquired by US-listed API Group Corporation (NYSE: APG) for an undisclosed sum. The transaction is expected to close in the second half of 2026, subject to customary closing conditions, including receipt of required regulatory approvals.
About Wtech Fire Group
Headquartered in Mullingar, County Westmeath, Ireland, Wtech Fire Group is a specialist provider of fire protection, detection, and maintenance services. Founded in 1985, the company has grown substantially over the decades to now employ over 800 people across its operations. Wtech serves clients across various sectors including commercial, industrial, power substations, data centres, and renewable energy. The company operates in key markets such as the United Kingdom, Ireland, Sweden, Norway, and Germany.
About API Group
API Group Corporation is a US-listed global business services provider headquartered in New Brighton, Minnesota. The company offers fire and life safety, security, elevator and escalator, and specialty services. With over 500 locations worldwide, API Group maintains a substantial recurring revenue base and serves a strong base of long-standing customers across industries.
Strategic Rationale for the Acquisition
According to API Group’s President and Chief Executive Officer Russ Becker, the acquisition addresses a key growth opportunity within the company’s international business. While API Group has built strength in fire alarm and detection, and electronic security, the fire sprinkler and suppression segment represents an area where greater scale is needed to serve customers end-to-end. Wtech Fire Group’s expertise in this space fills that gap, enabling API Group to offer a more comprehensive, end-to-end fire and life safety solution across Europe.
Financial Details
Wtech Fire Group is expected to contribute approximately $175 million in annual revenue to API Group following the acquisition. The margin profile of Wtech’s business is consistent with API Group’s international business. The financial terms of the transaction were not disclosed in the announcement.
Leadership and Integration
Ted Wright, Wtech Fire Group’s Chief Executive Officer, will continue to lead the business after the acquisition closes. Wright described the deal as “transformational” for the company, noting the strong alignment in values and culture between the two organizations. He emphasized that being part of API Group’s global platform provides the scale to deliver even more for customers who trust Wtech to deliver high-quality fire and life safety solutions.
Background on Ownership
Today’s deal marks Waterland Ireland’s first exit, following the beginning of its partnership with Wtech in 2021 to support an ambitious growth programme. Since then, Wtech has scaled significantly, including completing 12 strategic acquisitions under Waterland Ireland’s ownership.
Conclusion
The acquisition of Wtech Fire Group by API Group represents a significant step in API Group’s strategy to strengthen its fire and life safety capabilities across Europe. By integrating Wtech’s expertise in fire sprinkler and suppression services, API Group aims to enhance its ability to serve customers with comprehensive solutions. The transaction is expected to close in the second half of 2026, pending regulatory approvals and other customary closing conditions.