Nitin Fire Protection Industries has informed that the company has acquired a 40% stake in a Dubai based, fire protection Company 'New Age Company' LLC.

The stake has been taken in the Company's 100% subsidiary Nitin Venture FZE, UAE.

New Age Company LLC, a professional fire protection engineering Company providing equipments, established in 1976 at UAE.

The Company is engaged in fire protection system, fire detection system, emergency lighting system, and water mist fire protection system. It has office and representation in Abu Dhabi, Dubai, Sharjah, with experience in Installation in all Seven Emirates.

Mumbai-based, Nitin Fire expects that this acquisition will definitely give good boost in company’s UAE market.

Nitin Fire Protection Industries Ltd. reported a 100% increase in net profit at Rs 2.88 crore for quarter to Dec. 2007. Its sales decreased by 19% to Rs 7.16 crore.