UTC Fire & Security has completed its acquisition of water mist suppression systems manufacturer, Marioff Corporation of Finland, for 250 million Euros. Marioff produces the HI-FOG brand of watermist system and has operations in 11 countries.
“This acquisition increases UTC Fire & Security’s capabilities in the fire suppression segment, and will drive new growth opportunities by expanding our product and service offerings globally” said Bill Brown, president of UTC Fire & Security. “Building our presence in environmentally friendly water based suppression systems through the acquisition of companies like Marioff is of particular strategic importance, as new legislation and environmental standards take effect” he added.
Current Marioff president and founder of the technology, Petteri Saarinen, will remain with the business, along with the senior Mariott managment team.
