Fogmaker International acquires the assets from Siveb Oy and expands its market presence in Finland
Fogmaker International AB, one of the leading global suppliers of fire suppression systems for engine compartments and enclosed spaces, is excited to announce the acquisition of the assets of Siveb Oy, through Fogmaker Finland Oy, on December 1st, 2023.
The acquisition marks a significant milestone in strengthening Fogmaker International's foothold in the Finnish market. Employees of Siveb Oy will continue their employment under Fogmaker Finland Oy. The team brings excellent knowledge and experience in the area and unlocks new possibilities in the market. The focus will be to serve a more comprehensive range of customers and drive further growth. The acquisition effectively meets the evolving needs of customers in the region, delivering advanced and comprehensive fire suppression solutions to customers worldwide and providing various sectors with customized industrialized solutions that meet their specific needs.
"We are thrilled about the acquisition and its expanded opportunities to Fogmaker International. It will allow us to strengthen our presence further and better serve our valued customers in the region. The acquisition is a significant step towards achieving our vision of creating safer environments globally," said Lars Alrutz, CEO of Fogmaker International.
"We are delighted to join the Fogmaker International family. We have known the company for a long time and know the excellent products as well as the company culture they represent. We will be able to provide our customers with even more innovative solutions and increased value. We are excited to embark on this new chapter and look forward to a successful partnership," said Kristian Lindström, the owner of Siveb Oy.
"We are proud of Fogmaker International's acquisition and the strategic expansion it signifies. Fogmaker International's strong market position aligns perfectly with our growth ambitions. We are excited about the opportunities this acquisition brings and look forward to the continued success of Fogmaker International," says Lars Fredin, Group CEO of Dacke Industri and Chairman of Fogmaker International.
About Fogmaker International AB
Fogmaker International, a subsidiary of Dacke Industri since 2022, is a leading provider of fire suppression systems for engine compartments and other enclosed spaces with high-pressure water-based mist. Based in Växjö with 100 employees and an annual turnover of about SEK 400 million. The company has its roots in Småland, Sweden, and is recognized as an industry leader in safety awareness. It serves a wide range of sectors, including Buses, Mining, Material Handling, Forestry, Trucks, Construction Equipment, Agriculture, and Airports, with its reliable, efficient, and environmentally friendly fire suppression systems.
Visit www.fogmaker.com to learn more.
This is Dacke Industri
Dacke Industri is a long-term owner that invests in innovative technology companies within selected niches with potential for development. We provide expertise and strategic guidance to build sustainable companies over time. We follow a decentralized model where our companies have a high degree of autonomy and are run independently.
Our companies have their own products or systems with a strong technical focus, development- and design expertise, and quality execution. The companies use existing platforms for innovation and work towards environmentally sustainable products and production. Today Dacke Industri has 18 subsidiaries within 4 divisions, close to 1500 employees worldwide, and net sales of SEK 4,3 billion.
Dacke Industri is owned by Nordstjernan since January 2016.
Dacke Industri | With long term ownership in focus
For more information please contact:
Lars Alrutz
CEO
Fogmaker International AB
+46 72 701 00 04 lars.alrutz@fogmaker.com
Lars Fredin
Group CEO
Dacke Industri
+46 70 770 71 00 lars.fredin@dackeindustri.com
Camilla Quist
Communication and Administration Manager
Dacke Industri
+46 70 590 03 70 camilla.quist@dackeindustri.com
