Firenor International has entered into an agreement to purchase the technology company Matre Maskin, strengthening its position as a supplier of fire safety equipment.

Bømlo-based Matre Maskin is a supplier of special products and systems for active firefighting to global customers in the energy sector, and in recent years has also had significant deliveries to offshore wind power. The company was established in 1953, and in 2023 had a turnover of NOK 77 million, with an operating profit of NOK 11 million. About 70% of the turnover went to export.

The main deliveries are self-developed fire extinguishing systems for helicopter decks and processing plants.

Firenor International, with headquarters in Kristiansand, is a leading supplier of special products and systems for active firefighting within the global energy market. Matre will be continued as an independent subsidiary under its own trademark of Firenor International. The acquisition will be completed in the third quarter of 2024.

The acquisition of Matre Maskin expands the customer base, and strengthens both the offer portfolio and the market position of Firenor International. Matre is still an important supplier to Firenor, and it is expected that more synergies will be achieved through the acquisition.

“The companies complement each other, and through the acquisition Firenor International is strengthened, through increased capacity, expertise and experience,” says Carl Adam Rosenblad, CEO of Firenor’s parent company Concejo AB, which is listed in Stockholm.

November 02nd 2024

From oil and gas to aqua