Nord-backed Heizkurier completed the acquisition of Suter Group.

Nord-backed Heizkurier, a manufacturer of mobile heat centers, completed the acquisition of Suter Group, a supplier of mobile pellet heating. Financial terms were not disclosed. With the acquisition, NORD is implementing its growth and sustainability-focused strategy for Heizkurier to establish a market leader for equipment-as-a-service of mobile heating solutions in the DACH region. With around 180 employees at 17 locations, the combined group aims at further internationalization and expansion of its mobile refrigeration business. The existing management and the founders of Suter participate in the merger.