Swedish venture capital firm Industrifonden and its co-investors have sold the Swedish sprinkler company Ultra Fog to Italian fire protection company CATEF.
Ultra Fog, which is based in the city of Göteborg, supplies high-pressure sprinkler systems to fight fires with a fine aqueous fog.
Industrifonden has been involved with Ultra Fog since 1998. During that period the company has undergone a reconstruction, followed by strong development.
“We are pleased that our investment has helped to enable Ultra Fog to spread this new method of fighting fires both in the marine sector and on land,” said Thomas Carlström, investment manager at Industrifonden.
“With CATEF as its owner, the company has every opportunity to continue its positive development with Göteborg as a base.”
CATEF of Italy is a specialist supplier of marine offshore fire protection systems.
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