UTC Fire & Security, a business unit of United Technologies Corp. (UTX) revealed an agreement to acquire Finland-based Marioff Corp. Oy for euro 250 million plus net cash of euro 16 million. The transaction is expected to close before the end of June, subject to regulatory approvals. Marioff is a provider of water mist fire suppression systems for land and marine applications. It has business operations in 18 locations in 11 countries. Marioff expects 2007 revenues of more than euro 100 million and operating margins in the mid-teens.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.