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NCG continues Danish expansion

SWEDEN: Nordic Climate Group (NCG) has continued its growth in Denmark with the acquisition of air conditioning, refrigeration and heat pump contractor PVN Køleteknik.

A third generation, family-owned business with headquarters in Ringe in central Denmark, PVN Køleteknik is described as one of Denmark’s most reputable cooling companies. The company has 30 employees and a turnover of DKK65m (€8.7m).

Nordic Climate Group insists that the acquisition will strengthen its existing operations in Denmark and enhance the group’s role as a leading installer of cooling, heating, and energy solutions in the Nordic region. The group also intends to expand further with new acquisitions for its Danish operations. 

Established in 2021, Nordic Climate Group’s annual turnover after the acquisition of PVN Køleteknik is SEK3.4 billion (€286m), with approximately 1,200 employees working from more than 70 Nordic businesses.

PVN Køleteknik will continue under its local brand and the previous owners will retain their original roles.

Related stories:

Altor takes majority stake in Nordic Climate Group17 May 2022
SWEDEN: Private equity firm Altor has signed an agreement with Capillar Equity to acquire a majority stake in Nordic Climate Group (NCG), a leading refrigeration contractor in Sweden and Norway. Read more…

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