The Armatec Group, which is a part of Ernströmgruppen, has today acquired 100% of the shares in NordiCold AB.
Nordicold is a Swedish supplier in the ventilation industry that develops, markets and sells a carefully selected product range in fans and components for cooling, heating and plumbing. With a broad and deep knowledge in the product area and a strong focus on customer needs and technical development, Nordicold has since 1968 developed the business to have sales of approximately SEK 50 million with 12 employees in Gothenburg in 2021.
The company has built its brand by developing its core values through long-term relationships with personal commitment, competence and a holistic view. Elisabeth Alfredsson and Hans Jannemark now choose to transfer the company, and they will continue to lead the business and look forward to continued good cooperation with customers and suppliers.
“As the owner of Nordicold, we want to see the business continue to develop. Armatec is a strong and competent owner who can provide better opportunities to develop the business at the same time as it strengthens Armatec's strategic investment in becoming a comprehensive partner for its customers,” says Elisabeth Alfredsson, CEO of NordiCold.
“The Armatec Group is already strong in HVAC and industry and Nordicold complements this business well with its strong position in the cooling industry. I look forward to the upcoming journey to continue to develop Nordicold's range and customers and I am pleased that Elisabeth Alfredsson and Hans Jannemark, owners of Nordicold, have chosen the Armatec Group as the new owner,” says Fredrik Ståhl, CEO of the Armatec Group.
