by AF 1117 d3 — November 23, 2009—German-based Minimax and U.S.-based Viking Group have announced that the two leaders in fire protection and life safety systems are combining their activities.
The transaction will create a global leader with more than $1.1 billion in sales and 6,000 employees. The combined company will be able to leverage the strengths of their respective firms to enhance the products and services available to its existing and future customers across the globe, they say.
The combined company will have a fully integrated business model with complementary product and service offerings capable of serving a wide variety of customers in various industries around the globe. Minimax is renowned for its installation, service and engineering capabilities and the complete range of fire protection systems including gas based and fire detection systems, whereas Viking Group’s technology, production capabilities, and distribution network involving fire sprinklers and related products is among the best in the industry. The new group will also benefit from a complementary geographic footprint.
The proposed transaction is subject to customary regulatory approvals and closing conditions and is expected to close by year end.
For more information, visit the Viking Group Web.
