In addition to the appointment of Terje Arnesen as CEO and Milos Golic as CFO, Ketil Røberg (FrioNordica) has acquired responsibility for the marine and industry market area while Martin Schjølberg (Kuldeteknisk) will be responsible for the commercial and climate market area.
Building technology group
“We’re very pleased to have secured Arnesen and Golic to continue our work of building a strong technology group to support growth in the global seafood industry,” says Arnstein Gunnestad Endresen, chair of PTG.
Nord Kapitalforvaltning is the main shareholder in PTG through Perfect Temperature Group. Partner Anders Høifødt in Nord Kapitalforvaltning has the following comment on the integration:
“We’re stronger together, and will concentrate on developing environment-friendly and energy-efficient solutions with the quality and service our local customers and the global seafood market want.”
The value of perfect temperature
“The change of name and mergers mark that the groupings will now grow together,” says CEO Terje Arnesen. He explains that the PTG name is an abbreviation of Perfect Temperature Group and reflects the group’s slogan: the value of perfect temperature.
“I’m impressed by what these companies have achieved through research, product development, a nationwide service network and production in Norway,” Arnesen adds. “This will also be the cornerstone of our growth strategy in the future.”
Seafood internationally, groceries nationally
“The seafood market in Norway and internationally is our highest priority,” says Arnesen. “We’ll also be maintaining our commitment to the Norwegian grocery sector.”
Kuldeteknisk and Kjøleservice Helgeland have a very strong position in northern Norway’s grocery market, while FrioNordica has refined its technology for utilising fish nationally and internationally on the basis of production in Norway. Kuldeteknisk and FrioNordica are known for using natural, environment-friendly and efficient refrigeration media in their solutions.
Sustainable temperature and energy solutions
PTG is a complete supplier, developing sustainable temperature and energy solutions which are in demand globally.
“A steadily growing world population needs efficient refrigeration and freezing solutions,” observes Arnesen. “Energy is also a significant raw material, and our collective expertise with energy efficiency can contribute to substantial cost and emission reductions.”
Focus on product development and high service cover
“We aim to double our turnover during the next few years, not least through continued investment in research and development,” Arnesen reports. “We’ll also get more hands-on with new and existing customers geographically, technically and through high service cover both along the Norwegian coast and internationally.”
Three decades in management
Arnesen has 30 years of management experience from industry, primarily with oil service and maritime equipment. He comes now from the post of CEO at Rapp Marine Group, which delivers winch equipment to fishing and research vessels. He contributed in part to the group becoming part of MacGregor and major Finnish group Cargotec in 2018.
Earlier appointments include CEO at Rocksource (oil industry supplier), Bergen Group (shipbuilding), Bennex Group (subsea) and Scana Propulsion (ship’s equipment), and he has 18 years of experience from various management positions in Rolls-Royce Marine.
Finance and strategy
Golic also comes from Rapp Marine Group, where he was CFO in recent years. He earlier worked as deputy CEO and CFO of this group’s Serbian subsidiary.
His experience includes much work on strategy and growth processes, including last year’s sale of Rapp Marine Group. He has also been a consultant in the international BDO auditing network and financing company Société Générale.
The logo and name both build on PTG’s message: the value of perfect temperature. To emphasise this, the company name is encircled by a C for Celsius, which in turn incorporates the degree symbol.