Inflexion agrees Marioff fire suppression acquisition in Finland
Iain Hoey
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Fire suppression acquisition announced
Inflexion has agreed to acquire Marioff, a Finland-headquartered supplier of high-pressure water mist fire suppression systems, in a transaction that remains subject to customary regulatory approvals.
Inflexion announced the deal and said the investment will be made by its Buyout Fund VI.
Marioff was founded more than 40 years ago and is headquartered in Vantaa, Finland.
The company provides fire protection solutions and services across the value chain, including development, manufacturing, sales, turnkey project execution and lifecycle services.
Its HI-FOG technology is used in data centres, naval vessels, cruise ships and industrial facilities in more than 70 countries.
In the latest financial year, Marioff generated revenues of $266m.
Marioff operations and growth plans
Inflexion said Marioff operates in a market shaped by increasing safety regulation and stated that the company will continue to invest in innovation and its aftermarket offering.
The firm said it will support management in accelerating growth in land-based end markets.
It also said Marioff will retain its marine customer proposition and continue to grow its service capabilities.
Inflexion described the transaction as its seventh investment in the Nordic region.
The firm also cited previous investments in safety-critical and compliance-focused businesses including Kee Safety, Noventis Safety, BES, Phenna and Celnor.
Comments from Inflexion and Marioff
Flor Kassai, Partner and Head of Buyout, Inflexion, said: “Marioff is a global leader in a truly mission critical niche, supported by strong structural growth drivers.
“Its market leading high pressure water mist technology and blue chip customer base provide an outstanding platform for further international expansion.
“We have been hugely impressed by Juha and his team and are delighted to be partnering with them for the next phase of Marioff’s growth.”
Richard Booth, Partner and Head of Industrials, Inflexion, said: “Marioff is a global champion with strong opportunities for further growth worldwide.
“We look forward to leveraging our strong sector experience to supporting the team as they build on the company’s leading position and expand its presence across key international markets.”
Juha Ilvonen, Chief Executive Officer, Marioff, said: “Inflexion’s investment recognizes the strength of our people, technology and customer relationships.
“This partnership marks the start of a new phase for Marioff – building on our 40-year foundation to accelerate growth, expand our global presence, and further strengthen the high-quality solutions we deliver to our customers.”
The transaction is subject to customary regulatory approvals.
