”Together with Nordic Climate Group, we see significant opportunities to strengthen our position in the Nordic market. We look forward to exchanging what we’ve learned along the way with others in the group,” notes Ilpo Mäkelä, CEO of MV-Jäähdytys.
Altor-owned Nordic Climate Group, which in 2021 acquired Norway’s leading refrigeration technology company Perfect Temperature Group (PTG), is taking a new leap in the Nordic market.
Nordic Climate Group expands into Finland as MV-Jäähdytys joins the team and Fredrik Gren assumes the group CEO role.
With MV-Jäähdytys (MV) on board, the Altor-backed Nordic Climate Group now adds Finland in its operations, bringing the group’s collective turnover to SEK 2.8 billion and increasing local presence to 61 sites.
Completion of the deal is contingent on approval by the Finnish Competition and Consumer Authority (FCCA).
Founded more than 50 years ago, MV is Finland’s leading independent supplier of heating and cooling services, including installation, maintenance, and repairs for cooling and heating systems and industrial kitchens.
Five service centres provide round-the-clock service throughout Finland for more than 45,000 systems. The company has experienced strong growth; turnover exceeds EUR 30 million and MV currently employs around 200 people.
Fredrik Gren, CEO Nordic Climate Group.
“MV’s highly developed service model offers valuable ideas, and MV has a strong entrepreneurial spirit that harmonizes well with our companies in Sweden and Norway. We welcome MV to our team and look forward to sharing know-how and experience as we continue to build Nordic Climate Group,” says Fredrik Gren.
The management of the Norwegian subsidiary of the group, PTG, also welcomes MV on board.
“With a foothold also in Finland, new opportunities will open. We now stand even stronger together as a group facing the Nordic market”, says Terje Arnesen, CEO of PTG.
”Together with Nordic Climate Group, we see significant opportunities to strengthen our position in the Nordic market, along with possibilities for expansion through additional locations and an enhanced customer offering. We look forward to exchanging what we’ve learned along the way with others in the group,” notes Ilpo Mäkelä, CEO of MV-Jäähdytys.
A leader with extensive experience in business and operational development, Fredrik Gren recently joined the Nordic Climate Group team as group CEO. He most recently served as group CEO for Prosero Security Group and has been CEO for the Ambea healthcare group and Menigo Foodservice, as well as a Partner with McKinsey & Company.
Nordic Climate Group focuses on helping customers minimize their climate footprint and maximize energy efficiency. The plan is to continue building a leading group in Northern Europe with strong organic growth as well as acquisitions. Nordic Climate Groups success is a result of entrepreneurial spirit, decentralized operations with cooperation in business practices, effective training, and sharing of technological know-how.
