Ålesund-based Multi Kulde Vest has become a wholly-owned subsidiary of Norwegian refrigeration technology company Perfect Temperature Group (PTG), part of the Nordic Climate Group.
The move follows the sale of 60% of the shares in Multi Kulde Vest still held by CEO Peder Knutsen, former principal shareholder in the company. The firm currently has an annual turnover of around NOK 50 million and employs 18 in departments at Ålesund and Molde.
“I anticipate that we’ll derive great benefits from becoming part of a larger industrial commitment regionally, nationally and internationally,” Knutsen said. “We have a good foothold at small and medium-sized enterprises in the seafood industry, and becoming part of PTG and Nordic Climate Group will give us even greater weight in this industrial segment.”
In addition to seafood and other food processing, Multi Kulde Vest directs its services at customers in the grocery sector, hospitality and cold/freezer stores.
The company has been part-owned by PTG since 2019, when the latter acquired Multi Kulde in Bodø which also had a shareholding in the Ålesund business.
“With Multi Kulde Vest as a full member of the team, we’ve further strengthened our position as Norway’s leading supplier of natural coolants,” PTG CEO Terje Arnesen said. “Its experience with CO2 as a coolant will make a big contribution.”
The Ålesund area and the surrounding region of western Norway are among the country’s most important seafood markets, and this transaction will reinforce PTG’s presence there.
“Our experience has been entirely positive, and taking this step therefore feels quite natural,” Knudsen said. “I’m convinced that we’ll thereby achieve further benefits from internal cooperation in the group.
“The collaboration and exchange of experience between the companies in the various countries where PTG and Nordic Climate Group are present is particularly interesting, and will have a stimulating effect for both me and my colleagues.”
This transaction is part of PTG’s growth ambitions in Norway’s grocery sector, and will also strengthen its service network for the seafood industry along the Norwegian coast.
“Multi Kulde Vest complements us with both expertise and a local presence in Møre og Romsdal county,” Arnesen said. “It’s built up a strong position through projects and service for the grocery sector, which also lays the basis for collaboration with other parts of our group.”
