WAGNER Group GmbH is expanding in Scandinavia and, as of 15 May 2017, has acquired a majority holding in Norwegian technology company Hypoxic Technologies AS based in Verdal near Trondheim. Like the WAGNER Group, the company specialises in active fire prevention via oxygen reduction. Hypoxic Technologies will distribute WAGNER´s OxyReduct® technology on the Scandinavian market in the future.
“With Hypoxic Technologies, we have found a professional and strategic partner, who is intimately familiar with the demands of the Norwegian market and possesses long-standing networks,” says Andreas Schober, new chairman of the board at Hypoxic Technologies and head of WAGNER Group’s Operations Europe. “We are providing 360° support, which includes our expertise as technology leader and our international competence in the planning, project engineering, commissioning and maintenance of the fire prevention systems.” Hypoxic Technologies AS will continue selling LowOxygen systems and, together with WAGNER, will gradually expand the local product portfolio to include the entire system range in active fire prevention. Fire detection and extinguishing systems will be added to the range of fire protection solutions offered as part of the further expansion. This will incrementally bring the product range in line with the WAGNER spectrum in the field of preventive fire protection systems so that tailormade complete solutions can be offered on the Scandinavian market. “Together with partners Eivind Elnan and Jon Olav Vikan, the WAGNER Group will be pushing ahead with further expansion and gradually expanding the portfolio of fire protection system solutions,” says Andreas Schober.
“We chose WAGNER as principal shareholder so that we can offer our customers ground-breaking, tailormade fire protection solutions,” says Eivind Elnan, one of the founders and partners of Hypoxic Technologies alongside Jon Olav Vikan, explaining the motivation for selling 65 percent of the company’s shares to WAGNER. “The company’s international orientation, decades of experience in system construction and an own research and development department form the basis for the WAGNER engineers’ expert knowledge, which we will rely on and profiting from in our further expansion.” Hypoxic will receive intensive support onsite from the WAGNER headquarters and the engineers from the International System Construction Department. The first joint fire prevention systems of WAGNER and Hypoxic Technologies have already been put into operation, such as the one at the University of Oslo. Another project to protect the National Museum of Norway, Oslo, is currently underway.
WAGNER has already been developing, planning and implementing oxygen reduction systems since 1998 and has continuously refined and expanded its product portfolio.