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Arneg Nordic buys Norwegian distributor

ITALY/NORWAY: Arneg Nordic has acquired 70% of the shares of its Norwegian commercial refrigeration and freezing cabinet distributor Plug-In Norge AS. 

Established in 2015, Plug-In Norge (formerly known as Vibocold Plug-in Norge) is already a distributer of Arneg Nordic and Arneg’s Oscartielle brand from its base in Tönsberg, southern Norway. It has eight employees and a turnover of NOK120m (€12m). The deal is said to complement the business of Kelvin AS, Arneg Nordic’s turn-key refrigeration specialist. 

“For Arneg Nordic the cooperation with Plug-In Norway is a natural development on the path to continue the scope of products and customer service in Norway,” said Arneg Nordic’s deputy MD Niklas Rindhagen. 

Plug-In Norge AS MD Per Otto Gjertsen (left) with Arneg Nordic’s deputy MD Niklas Rindhagen

The remaining shares in the business are held by existing Plug-In Norge AS directors Per Otto Gjertsen (MD), Ole Fredrik Eide (product and marketing director), and Vidar Bakken (sales director).

Arneg Nordic is the Scandinavian subsidiary of Italian manufacturer Arneg SpA.

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