SecurityWorldMarket

13/09/2007

UTC Fire & Security completes Marioff acquisition

Farmington, Conn (USA)

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. UTC Fire & Security is a business unit of United Technologies Corp. (NYSE:UTX).

Based in Vantaa, Marioff is leading 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 global fire suppression segment and will drive new growth opportunities by expanding our product and service offerings," says 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"

"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," says 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"

UTC Fire & Security provides fire safety and security solutions to more than one million customers worldwide. Headquartered in Farmington, Conn., USA, UTC Fire & Security is a business unit of United Technologies Corp. which provides high technology products and services to the building and aerospace industries worldwide.

In the electron security field UTC Fire & Security has become an important player through previous acquisition and now subsidiaries like Chubb Security, Lenel Systems International, VEREX Technology and Guardall.





Product Suppliers
Back to top