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Armatec acquires NordiCold AB

The Armatec Group, which is part of Ernströmgruppen, has acquired 100 % of the shares in NordiCold.

NordiCold is a Swedish supplier in the cooling and ventilation industry that develops, markets and sells a carefully selected range of products encompassing fans and components for use in cooling, heating and HVAC and plumbing. With wide-reaching, in-depth knowledge and expertise in this product area and a strong focus on customer requirements and technical development, NordiCold has since its origins in 1968 developed into a business that today has sales of approximately SEK 50 million and 12 employees based in Gothenburg.

The company has built its brand by advancing its core values through long-term relationships characterised by personal commitment, expertise and a holistic approach. Elisabeth Alfredsson and Hans Jannemark have now made the decision to hand over ownership of the company although they will continue to lead the business and look forward to continuing their partnerships with customers and suppliers alike.

“As the owners of NordiCold, we want to see the business continue to develop. Armatec is a strong, competent owner who is in a position to provide better opportunities to develop the business while also boosting Armatec’s strategic commitment to become a comprehensive partner to its customers,” says Elisabeth Alfredsson, CEO of NordiCold.

“The Armatec Group already holds a strong position in HVAC and plumbing, as well as in industry, and with its stronghold in the world of cooling NordiCold is the ideal complement to this business. I look forward to the journey ahead as we continue to expand NordiCold’s range and customers, and I am delighted that Elisabeth Alfredsson and Hans Jannemark have chosen to entrust the Armatec Group with ownership of NordiCold,” says Fredrik Ståhl, CEO of the Armatec Group.

For more information, please contact:

Fredrik Ståhl

Elisabeth Alfredsson
CEO Armatec Group CEO Nordicold AB

T +46 31 890 210

T +46 31 686 281



Press Release ENG_armatec-forvarvar-nordicold-ab.pdf (PDF document, 103 kB)