Fogmaker International expands Finnish market presence with strategic acquisition

Fogmaker International AB, a prominent supplier of fire suppression systems for engine compartments and enclosed spaces, announced a major expansion into the Finnish market with the acquisition of Siveb Oy’s assets through its subsidiary, Fogmaker Finland Oy.

This acquisition, completed on December 1st, 2023, represents a significant stride in strengthening Fogmaker International’s market influence in Finland​​​​.

A strategic move for market expansion

The acquisition is poised to broaden Fogmaker International’s reach in Finland, integrating the valuable expertise and experience of Siveb Oy’s team.

This move aims to enhance service to a more diverse customer base and drive further growth in the region.

It also aligns with the company’s vision of creating safer environments globally through advanced fire suppression solutions.

This strategic acquisition is expected to cater to the evolving needs of customers by delivering tailored industrialized solutions​​​​.

Leadership perspectives on the acquisition

Lars Alrutz, CEO of Fogmaker International, expressed enthusiasm about the acquisition, citing it as a crucial step in reinforcing the company’s regional presence and advancing their global vision of safety.

Kristian Lindström, owner of Siveb Oy, also shared his excitement about joining the Fogmaker International family, emphasizing the potential for delivering more innovative solutions and value to customers.

Lars Fredin, Group CEO of Dacke Industri and Chairman of Fogmaker International, highlighted the strategic expansion and alignment with growth ambitions, foreseeing a continued success trajectory for Fogmaker International​​​​.

About Fogmaker International AB

Fogmaker International, a subsidiary of Dacke Industri since 2022, operates from Växjö, Sweden, with approximately 100 employees and an annual turnover of around SEK 400 million.

The company is recognized for its high-pressure water-based mist fire suppression systems, catering to sectors like Buses, Mining, Material Handling, Forestry, Trucks, Construction Equipment, Agriculture, and Airports.

Their systems are known for their reliability, efficiency, and environmental friendliness​​​​.

About Dacke Industri

Dacke Industri, the parent company of Fogmaker International, focuses on investing in innovative technology companies with development potential.

It operates under a decentralized model, ensuring autonomy and independent operation of its subsidiaries.

With a portfolio of 18 subsidiaries across four divisions, nearly 1500 employees globally, and net sales of SEK 4.3 billion, Dacke Industri emphasizes technological focus, development expertise, and quality execution in its operations, with a commitment to environmentally sustainable products and production​​​​.

IFSJ Comment

The acquisition of Siveb Oy’s assets by Fogmaker International AB represents a significant advancement in the fire safety and suppression industry.

This strategic move not only expands Fogmaker’s market presence in Finland but also strengthens its global footprint.

By integrating Siveb Oy’s expertise and experience, Fogmaker International is positioned to offer more comprehensive and advanced fire suppression solutions, aligning with the evolving safety needs of various sectors.

This development underscores the importance of innovation and strategic partnerships in enhancing safety standards and solutions in the fire and safety industry.

As companies like Fogmaker International continue to expand and innovate, they contribute significantly to creating safer working and living environments worldwide.