Building management team for future growth

 

 

Kuldeteknisk, FrioNordica and Kjøleservice Helgeland to become PTG

Kuldeteknisk AS will change its name to PTG AS during the autumn, with FrioNordica AS and Kjøleservice Helgeland AS being merged into it in due course. A new management team for the integrated organisation has been created from across the companies.

In addition to the appointment of Terje Arnesen as CEO and Milos Golic as CFO, Ketil Røberg (FrioNordica) has acquired responsibility for the marine and industry market area while Martin Schjølberg (Kuldeteknisk) will be responsible for the commercial and climate market area.

Building technology group

 “We’re very pleased to have secured Arnesen and Golic to continue our work of building a strong technology group to support growth in the global seafood industry,” says Arnstein Gunnestad Endresen, chair of PTG.

Nord Kapitalforvaltning is the main shareholder in PTG through Perfect Temperature Group. Partner Anders Høifødt in Nord Kapitalforvaltning has the following comment on the integration:

“We’re stronger together, and will concentrate on developing environment-friendly and energy-efficient solutions with the quality and service our local customers and the global seafood market want.” 

The value of perfect temperature

“The change of name and mergers mark that the groupings will now grow together,” says CEO Terje Arnesen. He explains that the PTG name is an abbreviation of Perfect Temperature Group and reflects the group’s slogan: the value of perfect temperature.

“I’m impressed by what these companies have achieved through research, product development, a nationwide service network and production in Norway,” Arnesen adds. “This will also be the cornerstone of our growth strategy in the future.”

Seafood internationally, groceries nationally

“The seafood market in Norway and internationally is our highest priority,” says Arnesen.​ “We’ll also be maintaining our commitment to the Norwegian grocery sector.”

Kuldeteknisk and Kjøleservice Helgeland have a very strong position in northern Norway’s grocery market, while FrioNordica has refined its technology for utilising fish nationally and internationally on the basis of production in Norway. Kuldeteknisk and FrioNordica are known for using natural, environment-friendly and efficient refrigeration media in their solutions.

Sustainable temperature and energy solutions

PTG is a complete supplier, developing sustainable temperature and energy solutions which are in demand globally.

“A steadily growing world population needs efficient refrigeration and freezing solutions,” observes Arnesen. “Energy is also a significant raw material, and our collective expertise with energy efficiency can contribute to substantial cost and emission reductions.”

Focus on product development and high service cover

“We aim to double our turnover during the next few years, not least through continued investment in research and development,” Arnesen reports. “We’ll also get more hands-on with new and existing customers geographically, technically and through high service cover both along the Norwegian coast and internationally.”

Three decades in management

Arnesen has 30 years of management experience from industry, primarily with oil service and maritime equipment. He comes now from the post of CEO at Rapp Marine Group, which delivers winch equipment to fishing and research vessels. He contributed in part to the group becoming part of MacGregor and major Finnish group Cargotec in 2018.

Earlier appointments include CEO at Rocksource (oil industry supplier), Bergen Group (shipbuilding), Bennex Group (subsea) and Scana Propulsion (ship’s equipment), and he has 18 years of experience from various management positions in Rolls-Royce Marine.

Finance and strategy

Golic also comes from Rapp Marine Group, where he was CFO in recent years. He earlier worked as deputy CEO and CFO of this group’s Serbian subsidiary.

His experience includes much work on strategy and growth processes, including last year’s sale of Rapp Marine Group. He has also been a consultant in the international BDO auditing network and financing company Société Générale. 

New logo

The logo and name both build on PTG’s message: the value of perfect temperature. To emphasise this, the company name is encircled by a C for Celsius, which in turn incorporates the degree symbol.

You will soon find us at www.ptg.no.

Kuldeteknisk 

Tromsø company Kuldeteknisk was founded in 2004 on the basis of its own refrigeration solutions for the grocery sector, fishing, the food processing industry and buildings. The company has achieved substantial growth and attracted much attention for developing freezing technology which is 25 per cent more efficient than traditional solutions. It has branches along the north Norwegian coast and in Bergen.

FrioNordica

Established in 1983, FrioNordica is Norway’s leading supplier of refrigeration technology for maritime use, and develops and manufactures ice plants, refrigerated seawater (RSW) facilities and heat pumps for the aquaculture and fishing industries in Norway, the rest of Europe and South America. Its head office is at Malmefjorden outside Molde, with a branch at Grimstad and a subsidiary in Chile.

Kjøleservice Helgeland

Kjøleservice Helgeland was founded in 2004 and offers products, service and maintenance, refrigeration/freezer design, waterborne heat, heat pumps and air conditioning. The company covers the whole  Helgeland region of northern Norway, with its head office at Mosjøen and branches in Mo i Rana, Sandnessjøen and Brønnøysund.

Nord Kapitalforvaltning

Nord Kapitalforvaltning is the main shareholder in PTG through Perfect Temperature Group. It manages active private equity funds which invest in established businesses rooted in northern Norway and with international growth potential. Nord Kapitalforvaltning manages the Nord II fund with a capital base of NOK 431 million, where state-owned Argentum and France’s Rothschild Merchant Bank are cornerstone investors.