This strategic move marks a significant milestone in the
expansion plans and commitment to inorganic growth by KARAM Safety, an Indian
multi-national major
KARAM Safety expands global footprint with the acquisition of
HSE Solutions in South Africa, marking a milestone in the safety industry
New Delhi: KARAM
Safety, through its African wing acquired HSE Solutions a prominent
distribution company in the safety equipment industry in South Africa. This
strategic acquisition marks a significant milestone in KARAM’s mission to
expand its footprint and enhance its product offerings across the African
continent.
The
acquisition of HSE Solutions strengthens KARAM Safety’s position as a market
leader in the safety industry, combining their expertise in fall protection and
PPE with HSE Solutions' extensive distribution network and market reach.
This synergy will enable KARAM Safety to offer HSE Solutions' customers a
comprehensive range of high-quality safety solutions tailored to meet their
evolving needs while also providing significant market opportunities in the
fast-growing PPE market.
Commenting
on the acquisition, Hemant Sapra, President, Global Sales & Marketing,
KARAM Safety, said, “Marking
our first step towards international acquisition, we warmly welcome HSE
Solutions to the KARAM Safety family, aligning with our vision of global safety
leadership and commitment to excellence. By joining forces, the two companies
bring together a rich history, talented people, and innovative products."
The
value of the total PPE industry in Africa is approximately USD 2.1 billion,
split between Southern Africa, Sub-Saharan Africa, and North Africa. Fall
protection makes up 5-7% of this market. KARAM Safety currently has
about 100 customers who buy regularly, while HSE has double that number, with
the top 50 making up 85% of their business. HSE covers core markets similar to
KARAM Safety’s, including mining, power generation, telecommunications, oil and
gas, and to a lesser extent, construction and general industrial sectors.
From
the African market in the 2025 fiscal year, KARAM Safety expects to generate
growth in excess of 30% per annum.
This
acquisition underscores KARAM Safety’s commitment to expanding its product
offerings, enhancing customer service, and driving sustainable growth in the
safety industry. The integration of HSE Solutions into the KARAM Group
positions the company to deliver value-added solutions to customers across
various industries.
KARAM
Safety has strong growth plans, with a strategic focus on expansion through
acquisitions as it allows the company to broaden the product portfolio and
strengthen foothold in existing markets, ultimately driving growth through
improved synergies. The company recently acquired Midas Safety India to
capitalize on the market potential of the personal protection equipment (PPE)
industry in India. This strategic acquisition combines KARAM Safety’s expertise
in fall protection and PPE with Midas Safety India's extensive hand protection
product portfolio, enhancing KARAM Safety’s ability to offer a comprehensive
range of safety solutions.
KARAM
Safety’s Africa office is gearing up with its own manufacturing capabilities to
cater to the growing demand for safety equipment across the sub-continent.
Through strategic partnerships and acquisitions, KARAM Safety is constantly
expanding its horizons and strengthening its market position. Beyond
international markets, KARAM Safety is also investing in strengthening its
distributor network within the local retail market.
About KARAM Safety
KARAM Safety is a leading global occupational safety brand with a vast
portfolio of over 3500 certified products conforming to multiple national and
international standards and export their safety solutions to over 100 nations.
The company has a team of over 4200 professionals who have been relentlessly
developing, testing, and evaluating products, earning KARAM Safety a reputation
as one of the finest global companies that provide world-class personal
protective equipment (PPE), fall protection solutions and fixed-line systems.
KARAM Safety is a responsible brand that values empowering people, uplifting
society and enriching the environment.
For more information about KARAM
Safety, please visit:
For further media queries, please
contact:
Sonia Kulkarni | Hunk Golden and Media
9820184099 | sonia.kulkarni@hunkgolden.in