Benchmark International Successfully Facilitated the Transaction Between Vistec Limited and Xenon Building Technology Limited

Benchmark International is pleased to announce the acquisition of Vistec and Xenon.

Founded in 1986, based in Blackrock, Co. Dublin, and led by Ronan O'Neill and Sukhdeep Kaur, Vistec designs, supplies, installs, calibrates, and maintains fixed and portable gas detection systems for customers across Ireland. With thousands of detection units installed nationwide, Vistec protects people and premises in some of the country's most demanding environments, including pharmaceutical and industrial plants, hospitals and healthcare facilities, universities and schools, government and OPW buildings, hotels, retail and commercial premises, and science and research laboratories. Its systems monitor flammable, toxic and explosive gases, refrigerant gases, and oxygen depletion and enrichment.

Xenon, founded in 2009 and headquartered in Carlow, designs, installs and supports fire detection and alarm systems, access control, CCTV, intruder alarms, emergency lighting, nurse call, intercom, and KNX smart building systems for clients throughout Ireland.

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The acquisition brings together two complementary businesses with a shared focus on protecting people, property, and critical infrastructure.

The addition of Vistec's gas detection expertise extends Xenon's life safety offering and allows customers to rely on a single, trusted partner for fire, security, and gas safety across their sites.

Vistec is Xenon's third acquisition, and the deal brings the combined Xenon team to 75 people. The acquisition continues Xenon's strategy of combining organic growth with complementary bolt-on acquisitions, which has seen the company grow by more than 500% since 2023.

Ronan O'Neill, former Director and now Commercial Manager of Vistec, said: "For almost forty years our focus has been on providing reliable gas detection and first-class service to our customers. Joining Xenon gives our team and our clients the backing of a growing, forward-looking building technology business, while ensuring the same people and the same standard of service they know and trust."

Justin Owens, Chief Executive Officer of Xenon, commented: "Vistec has built an outstanding reputation over nearly four decades for technical excellence and responsive service in a highly specialised field. Gas detection is a natural fit alongside the fire and life safety systems we already deliver, and this acquisition means our customers can now look to Xenon for a complete approach to keeping their buildings safe. It's another step in our strategy of combining organic growth with complementary bolt-on acquisitions, and we're delighted to welcome the Vistec team and their customers to Xenon."

Sell-side advisors:

Financial & Deal Advisory – Benchmark International

Legal – Philip Lee

Buy-side advisors:

Financial & Deal Advisory – Fitzgerald Power

Legal – BHSM LLP

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