Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
iStock 829068106 - Business Express
global business and information communication technology

Dacke Industri acquires 70 % of Fogmaker International AB and strengthens its presence within safety


Dacke Industri continues to grow with its acquisition of Fogmaker International AB, one of the leading global suppliers of fire suppression systems for engine compartments. This acquisition aligns with our ambition to grow and develop with companies focusing on their own products and customized components and systems. Dacke Industri has the 1st of December, completed the acquisition of 70 % of the shares in Fogmaker International AB. The current management and owner will remain as owners with 30% of the shares. 

Fogmaker develops, manufactures, and markets fire suppression systems for engine compartments with high-pressure water mist. It has its headquarters as well as R&D and manufacturing facility located in Växjö with 100 employees and an annual turnover of more than SEK 300 millionFogmaker’s fire suppression system first saw the light of day in 1995. Today, approximately 280,000 vehicles are equipped with Fogmaker’s high-pressure water mist systems in more than 50 countries. They have a global network for service/ installations via partners who are certified according to Fogmaker Training Academy program. 

Fogmaker is a leader in safety awareness with roots in Småland, Sweden, and delivers safety products worldwide within sectors such as Bus, Mining, Material Handling, Forestry, Trucks, Construction Equipment, Agriculture and Airport. 

“As Fogmaker’s owner and CEO, for the last 22 years, I have been part of an incredible journey. Starting as a small struggling business with a product I strongly believed in, we have today grown to a large and successful international player, and we continue to expand our markets. I have reached a point where I want to devote my time to other ventures and leave Fogmaker in the best of hands. I have carefully chosen the right buyer for Fogmaker. Dacke Industri will stand for long-term commitment, competence, and add an important and valuable international network to the business. I see a continuously bright future for Fogmaker.

I have, together with Dacke Industri, proposed our CMO Lars Alrutz as new CEO from January 1st, 2023.
He is experienced and has contributed greatly to our growth,” says Andreas Svensson, CEO of Fogmaker International AB.

“As proposed CEO, I am looking forward to further developing the Fogmaker business and continuing to support our values,” says Lars Alrutz.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!

By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

“With Fogmaker as our new partner, we significantly strengthen the safety awareness and the technical safety solutions globally at Dacke Industri. Fogmaker has a solid market position, and together we will create more opportunities and potential for growth ahead.” Says Lars Fredin, Group CEO of Dacke Industri.

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.


Recent Post: