Kuldeteknisk and FrioNordica to merge

FrioNordica and Kuldeteknisk FrioNordica and Kuldeteknisk will form a new group following the acquisition of FrioNordica by Perfect Temperature Group. Credit: Nord Kapitalforvaltning
Industry Database

Perfect Temperature Group AS (PTG) has entered into an agreement to acquire Norway’s FrioNordica company and is combining ownership of this company and Kuldeteknisk in a new group.

Refrigeration systems manufacturer FrioNordica produces RSW units up to 2 500 kW, heat pumps and Finsam ice systems. It has its head office and production facilities at Malmefjorden north of Molde, with a branch in Grimstad and a subsidiary in Chile. Tromsø-based Kuldeteknisk, which PTG already owns, is known for its SeaCool refrigerated seawater (RSW) facility and SuperFreeze solution.

“Collectively, FrioNordica and Kuldeteknisk offer a complete product portfolio tailored to a constantly growing international seafood market,” commented Anders Høifødt, partner at Nord Kapitalforvaltning, which is the principal shareholder in PTG.

“With FrioNordica, we are acquiring a clearer presence in western Norway and will strengthen our position internationally. We’re also building a leading development team able to create tomorrow’s solutions for the seafood industry.”

Freezing future

Mr Høifødt added that refrigeration and freezing technology will continue to play an instrumental role in preserving fish quality as coastal and ocean-going fishing fleet faces major upgrades.

“Extensive expansion is taking place in the aquaculture sector, but depends on new technological solutions for handling fish welfare, health and quality in order to build further capacity,” he explained. “This opens opportunities for our refrigeration and heat technology.”

Earlier this year, PTG became part-owner of Kjøleservice Helgeland AS and established Kuldeteknisk Vest AS in Bergen.

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