PTG, Norway’s largest centre of expertise on refrigeration technology, has entered into an agreement to acquire Arctic Kulde AS in Spydeberg. The company supplies refrigerators and freezers to a great many grocery outlets and factories in the Østfold region.
”Arctic Kulde is a very sound company, with a good financial position, modern equipment and premises, and highly competent personnel,” says group CEO Terje Arnesen at PTG.”Its philosophy, which emphasises the interaction between the technical plant and the environment, fits very well with us. Together, we’ll be participating in a steadily growing market for temperature control.”
Arctic Kulde offers design, construction, installation, service and maintenance of environment-friendly refrigeration and cooling systems for grocers, industry, agriculture, commercial buildings, convenience stores and service stations, as well as heat pumps for the household market. It currently has 13 employees.
”We concentrate on the use of natural refrigerants and energy-efficient solutions,” explains CEO Roy Holmen at Arctic Kulde. ”The customer’s requirements and wishes will be met in the best possible way from first contact, with a long-term and sustainable perspective. We see the value of perfect temperature.”
Both management and shareholders in Arctic Kulde will remain involved by reinvesting in parent company Nordic Climate Group.
”We’re very satisfied to secure the expertise and owners in Arctic Kulde for our continued journey,” says Anders Høifødt, chair of PTG. ”It has a very good foothold in Østfold, with a solid customer portfolio plus a high level of service and certification. This is a sound company with a good and growing financial position.”
Terje Arnesen (group CEO, PTG).
Anders Høifødt (chair, PTG).
Roy Holmen (CEO, Arctic Kulde).