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New Deal


Announced

Altor-backed Nordic Climate Group to acquire MV-Jäähdytys.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

heating and cooling

Multi-Utilities

Cross Border

Private Equity

Pending

Friendly

Finland

Majority

Single Bidder

Synopsis

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Altor-backed Nordic Climate Group, a provider of cooling, heating and energy-efficient systems, agreed to acquire MV-Jäähdytys, a Finland-based independent supplier of heating and cooling services, including installation, maintenance, and repairs for cooling and heating systems and industrial kitchens. Financial terms were not disclosed. " I am very happy that MV-Jäähdytys is becoming part of the Nordic Climate Group. Particularly impressive is the professionalism and quality they offer their customers. MV's service model is well developed, which is something we will be able to learn from throughout the group. In addition, MV has a strong entrepreneurial spirit that harmonizes well with our companies in Sweden and Norway. We welcome MV to our group and look forward to exchanging experiences as we continue to build the Nordic Climate Group together," Fredrik Gren, Nordic Climate Group CEO.

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