API Group Boosts Revenue Outlook with Wtech Acquisition

By Hao Liu • Thursday, July 02 10:51 • Permanent Link

API Group closed its acquisition of Wtech Fire Group on July 1 and lifted its 2026 outlook.

Wtech is expected to add about $175 million in annual revenue. API said the business has a margin profile consistent with its international operations.

The company raised its full-year 2026 net revenue outlook to $8.66 billion to $8.86 billion, from a prior range of $8.575 billion to $8.775 billion. At the midpoint, that is an increase of $85 million.

API also increased its adjusted EBITDA forecast to $1.177 billion to $1.237 billion, from $1.165 billion to $1.225 billion. At the midpoint, that is a $12 million increase.

The acquisition expands API’s international fire and life safety business with fire sprinkler, suppression and detection capabilities across Europe. As a result of these announcements, the company's shares have moved 2.78% on the market, and are now trading at a price of $42.94. For the full picture, make sure to review APi's 8-K report.

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