Francks Kylindustri expands to Norway through the acquisition of the Norwegian market leader Therma Industry

Francks Kylindustri has entered into an agreement to acquire Therma Industri AS, the leading Norwegian provider of industrial heating and cooling solutions with national coverage and focus on natural refrigerants. It is a strategic milestone for Francks as it provides access to the attractive Norwegian market and marks the beginning of Francks next growth phase. The combined group of Francks and Therma forms a strong platform for further Nordic expansion. Therma generated revenues of ca. NOK 300m in 2020 and has a strong position in the Norwegian market.

"We are excited to enter the Norwegian market through Therma and to strengthen our Nordic market position. Therma is the leading player on the Norwegian market and in many ways similar to Francks, sharing the same focus, vision and values. We look forward to continue our profitable growth journey together and to create a Nordic platform for industry-leading services in industrial cooling and heating throughout the life cycle." says Tomas Berggren, CEO of Francks Kylindustri.

"We look forward to be part of Francks and becoming stronger together. Through our joint expertise, we will develop our offering in design, installation, and service to provide a stronger customer value proposition. We are excited to leverage our joint base of expertise, experience and synergies to accelerate our growth" says Stein Terje Brekke, CEO of Therma Industri.

Francks Kylindustri is the leading Swedish provider of industrial and commercial refrigeration solutions with 28 offices across Sweden, from Malmö in the south to Luleå in the north.

For further information, please visit www.francksref.com or contact:

Marcus Planting-Bergloo, Managing Partner, Segulah Advisor AB
+46 70 229 11 85, [email protected]

Tomas Berggren, CEO, Francks Kylindustri Sweden AB
+46 70 540 50 42, [email protected]

Segulah, whose mission statement reads "We invest in the backbone of modern society", is a private equity firm focused on mid-market buyouts in the Nordic region. We solely invest within three verticals - B2B services, light manufacturing, and IT and technology services - areas in which team members have a long-standing and proven track record. Opportunities are targeted in markets benefitting from macro trends which the team has identified as particularly relevant for the Nordic region, including investments in smart urbanisation and infrastructure renewal, the increased modernisation and automation of industries, as well as the improvement of production and service-delivery efficiency via digitalisation. Our business model builds on active ownership where we add capital, industrial competence and strategic focus. Segulah Advisor AB is the exclusive investment advisor to the funds Segulah IV, Segulah V and Segulah VI.

Nerladdningsbara filer













Segulah blir partner till Levinsgruppen

Segulah Fond VI har ingått avtal om att förvärva en majoritetsandel i Levinsgruppen i Hässleholm AB för att stötta företaget i dess nästa tillväxtfas. Nuvarande ägare Fredrik Björck och Jonas Fischer kommer att kvarstå i sina respektive operativa roller och behålla en betydande ägarandel i företaget.


Segulah partners with Levinsgruppen

Segulah Fund VI has entered into an agreement to acquire a majority in Levinsgruppen i Hässleholm AB to support the company in its next growth phase. Current owners Fredrik Björck and Jonas Fischer will remain in their respective operational roles and retain a significant shareholding in the group.


Segulah avyttrar framgångsrikt Semantix, ledande inom språkteknologi för fler-språkiga tjänster i Norden, i Fond V's tredje exit under 2021

Segulah Fond V har avyttrat Semantix International Group AB ("Semantix") till TransPerfect Global, Inc., världens ledande leverantör av språktjänster och tekniklösningar till globala företag.


Segulah successfully divests Semantix, the leading language technology company for multilingual services in the Nordics, marking the third exit for Fund V in 2021

Segulah Fund V has divested Semantix International Group AB ("Semantix") to TransPerfect Global, Inc., the world's largest provider of language and technology so-lutions for global business.


Segulah avyttrar colocation-leverantören Conapto i ytterligare en lyckad försäljning för Fond V

Segulah Fond V har ingått avtal att avyttra Conapto Group Holding AB till den paneuropeiska infrastrukturfonden Marguerite II.


Segulah divests colocation provider Conapto, marking another successful exit for Fund V

Segulah Fund V has entered into a definitive agreement to sell its interest in Conapto Group Holding AB ("Conapto") to Pan-European infrastructure fund Marguerite II.




Följ oss

Om beQuoted

beQuoted publicerar nyheter, analyser och pressmeddelanden för investerare och journalister. Viktiga företagshändelser bevakas av vår egen nyhetsredaktion och vidaredistribueras i ledande finansiella medier.

Vi uppdaterar även nyhetsrum, Investor Relations och IR-webbplatser för företag som vill utveckla sina relationer med finansmarknaden.

Kontakta oss

beQuoted AB
Nybrogatan 34
Box 5216
102 45 Stockholm

08-692 21 90

Om beQuoted