Nitin Fire Protection buys 40% in Dubai co

 New Age Co, a professional fire protection engineering company providing equipments, was established in 1976 at United Arab Emirates (UAE). It has offices in Abu Dhabi, Dubai and Sharjah and has experience in installation in all the seven Emirates, Nitin Fire Protection Industries informed the stock exchanges.

 The company did not disclose the deal size. The stake was bought by Nitin Fire Protection Industries' 100 per cent subsidiary Nitin Venture FZE, UAE.

 New Age Co is engaged in manufacture and installation of fire protection and detection systems, emergency lighting system, water mist fire protection system and the entire activity includes supply and installation, testing and commissioning of equipment system and maintenance, said the release. For the year ending 2007-08, Nitin Fire had net sales of Rs 44 crore.