Multi Kulde Vest in Ålesund has become a wholly owned subsidiary of Perfect Temperature Group (PTG) , Norway’s leading centre of expertise for refrigeration technology and part of Nordic Climate Group.
This follows the sale of the 60 per cent of the shares in Multi Kulde Vest still held by CEO Peder Knutsen, former principal shareholder in the company. It currently has an annual turnover of about NOK 50 million and 18 employees at departments in Ålesund and Molde.
“I anticipate that we’ll derive great benefits from becoming part of a larger industrial commitment regionally, nationally and internationally,” says Knutsen.
“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. It offers everything from design and installation to service, as well as supplying heat pumps
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,” says PTG CEO Terje Arnesen. “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,” says Knudsen. “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,” notes Arnesen. “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.”
Nordic Climate Group gives emphasis to helping customers reduce their environmental impact and maximise their energy efficiency. It plans to continue building a leading north European company, with strong expansion both organically and through further acquisitions.
“Our growth model builds on entrepreneurship and decentralised business units,” explains CEO Fredrik Gren at Nordic Climate Group. “Acquiring full ownership of Multi Kulde Vest allows us take further steps in a highly interesting local market.”
For further questions, please contact:
Terje Arnesen, CEO, PTG | Tel +47 906 89 130 | firstname.lastname@example.org
Peder Knutsen, CEO, Multi Kulde Vest | Tel +47 920 30 312 | email@example.com
Fredrik Gren, CEO, Nordic Climate Group | Tel +46 705 11 64 99 | firstname.lastname@example.org
About PTG – the value of perfect temperature
PTG develops and delivers environment-friendly cooling, freezing and energy-efficiency solutions. In addition to the seafood market nationally and internationally, the group is a substantial supplier to the grocery sector in Norway.
As the leading Norwegian centre of expertise for refrigeration technology, it offers complete solutions for temperature management to the international market, including cooling, freezing, air conditioning and heating.
Production in Norway and an extensive service network allow PTG to meet customer requirements for quality and precise delivery. It is present along much of the Norwegian coast as well as in the UK and Chile.
The PTG name derives from the initials of holding company Perfect Temperature Group and the group’s slogan – the value of perfect temperature.
For further information, see also www.ptg.no.
About Nordic Climate Group – for a better climate
Nordic Climate Group is a leading player with refrigeration, heating and energy-efficient installations, and aims to be a clear role model for sustainable climate solutions.
It takes overall responsibility all the way from concept, design, installation and delivery to maintenance and service
Established in 2021, the group now comprises 70 local enterprises and has about 1 200 employees.
It is owned by a broad set of company founders and employees together with Altor Fund V.
For further information, see also www.nordicclimategroup.se
About Multi Kulde Vest