Nordhaven advised global leader FFS AS in the majority sale to Madison Industries

21 nov 2024

Nordhaven advised Fire Fighting Systems AS (FFS), a global leader within large firefighting systems for both marine and land-based applications. FFS has delivered its in-house developed complete firefighting systems to more than 6,000 vessels globally, reflecting their dominant market position. FFS is on track to generate revenue of ~EURm 50 in 2024 with ~20% EBIT margin.

Established in 2003 to meet the demand for complete firefighting systems that are both revolutionary in performance and cost-effective, FFS quickly emerged as an industry leader. FFS’s commitment to safety and sustainability has made it the undisputed choice for reliable, high performance external firefighting systems across the globe. FFS has designed and delivered the largest ever land-based mobile firefighting system in addition to external firefighting systems on the most powerful and advanced fireboats.

Today FFS operates out of offices in Norway and Singapore and production facilities in Sweden.

“This acquisition marks a significant milestone for FFS and opens new opportunities for growth and innovation. Madison Industries shares our commitment to excellence and customer satisfaction. With their support, we are confident that FFS will continue to thrive and deliver exceptional value to our clients,” said Trond Sørlie, CEO of FFS.

“FFS's dedication to developing efficient, eco-friendly firefighting systems complements our mission to make the world safer, healthier and more productive,” said Kris Howard, Madison Safety President and CEO. “Together, we can leverage innovative solutions to save lives and protect communities around the world.”

About FFS:
Fire Fighting Systems is the global leader in the design, engineering, and manufacturing of large firefighting systems – a single-source supplier for both marine and land application. FFS’s extensive product portfolio encompasses pumps with drivers, gearboxes, firewater monitors, foam proportioners, deluge systems, remote control systems, and all the associated equipment necessary for a comprehensive firefighting solution.
 
About Madison:
Madison is one of the largest and most successful privately held companies in the world. Madison builds entrepreneurially driven, branded market leaders that are committed to making the world safer, healthier and more productive by creating innovative solutions that deliver outstanding customer value. The team at Madison is committed to building something truly remarkable that long outlasts them while coaching others to reach their highest potential.
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