Security

Wagner Fire Protection Solutions Business and Financials Examined

In this Research Note, we examine Wagner Group GmbH, the German fire protection solutions provider based on their 2022/2023 results and the group’s recent expansion strategy. In the field of fire detection and fire prevention, the Wagner Group, headquartered in Langenhagen, Germany. is one of the technology leaders with more than 700 patents. Their core competence is in technical fire protection. Wagner develops individual solutions based on its own products and systems: TITANUS aspirating smoke detectors for early fire detection. OxyReduct preventive oxygen reduction system. FirExting fire extinguishing systems with chemical gases, inert gases and water fog for special applications. VisuLAN organization/hazard management. Wagner closed the past financial year ending 31st March 2023, exceeding its own targets following renewed growth. Despite the overall challenging global economic situation, the company was able to increase the Group’s consolidated revenues to EUR 123.4 million. This corresponds to a growth of EUR 8.3 million or 7.2% compared to the […]

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