Diverse Swedish product manufacturer Swegon moves into the world of contracting with the acqusition of £8 million turnover chillers and process cooling specialist
Swegon has announced the acquisition of the Coolmation Group, which it described as ‘one of the UK’s fastest growing Chiller and Air Conditioning companies’. The £8 million turnover Coolmation group runs four brands in contracting, hire and sales - Coolmation, Chillers4Hire, Climate4Hire and Service4Chllers - and employs 70 staff.
Coolmation is also exclusive distributor for the Rhoss chiller range in the UK, bringing it a Cooling Industry Award in 2010 for Air Conditioning Product of the Year.
Hannu Saastamoinen CEO of Swegon said: “With 30 years of experience Coolmation is established in the UK as a reliable product and service provider of chillers and we see this acquisition as an excellent opportunity to grow in one of our prioritised markets”.
Mr Saastamoinen added that the purchase will increase Swegon’s UK market share by providing an additional channel for sales of its Blue Box chiller series.