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Vol. 12, No. 44 Week of November 04, 2007
Providing coverage of Alaska and northern Canada's oil and gas industry

PETROLEUM DIRECTORY: UTC Fire & Security completes Marioff acquisition

UTC Fire & Security has received regulatory approval and completed the acquisition of Finland-based Marioff Corporation Oy, a global provider of water mist fire suppression systems for land and marine applications. Based in Vantaa, Marioff is a highly regarded global leader in the manufacture, design and service of water mist suppression systems.

The company has more than 1,300 patents and patent applications worldwide around its advanced technical solutions, including the well known HI-FOG brand. It has business operations in 11 countries and employs approximately 350 people. “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, 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,” Brown continued.

“By implementing UTC s global expertise, capabilities and network throughout our business operations, I am confident that this acquisition offers a superior platform for Marioff’s continued global growth,” said Petteri Saarinen, president, Marioff. “Our organization will continue supplying HI-FOG solutions and associated services to our customers, with the confidence that we are satisfying their needs for protecting people, property and businesses.”



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