Press release

Dacke Industri acquires 70% of Fogmaker

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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 million. Fogmaker’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.

“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.
 
Dacke Industri is owned by Nordstjernan since January 2016. 

Today Dacke Industri has 18 subsidiaries, more than 1800 employees worldwide, and a net sales exceeding SEK 4 billion.

www.dackeindustri.com

For more information please contact:

Lars Fredin
Group CEO
Dacke Industri
+46 70 770 71 00
lars.fredin@dackeindustri.com

Lars Alrutz
Proposed CEO
Fogmaker International AB
+46 72 701 00 04
lars.alrutz@fogmaker.com

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