STIF Acquires 75% of Danish SAFEVENT and Expands into Scandinavia
STIF announces the acquisition by its Belgian subsidiary STUVEX of a 75% stake in SAFEVENT, a Danish company specializing in passive and active explosion protection in industrial settings. This acquisition strengthens the group's presence in the Scandinavian region.
Majority Stake Acquisition
STIF has acquired a majority stake of 75% in SAFEVENT through its subsidiary STUVEX. The Danish company, based in Hjorring, reported a turnover of €2.5 million in 2025, with 50% coming from its export activities. SAFEVENT relies on a proprietary product for spark detection and extinguishing systems, an active protection device in industrial environments. The company also markets passive explosion protection solutions, including those distributed by the STIF group under the VIGILEX brand. The main historical associate, Hvidkær Holding ApS, retains 25% of the capital, while René Hvidkær remains at the helm of the structure.
Renamed as STUVEX NORDIC
The acquired entity, renamed STUVEX NORDIC, aims to distribute the entire range of STIF group solutions across the three Scandinavian countries: Denmark, Sweden, and Norway. It will particularly market the FLASH explosion suppression system, a high-performance device capable of detecting and suppressing dust explosions at their initial stages. This acquisition is part of STIF's strategy to develop and market a comprehensive offering of active and passive protection solutions internationally to secure industrial and energy environments.
Financial Results and General Assembly
STIF will publish its annual results for the fiscal year 2025 on March 26, 2026. Its general assembly of shareholders will be held on May 22, 2026.
