Nordic Climate Group has acquired four companies in Germany, marking its entry into one of Europe’s largest markets for cooling, heating and energy-efficient technical installations. Together, the companies employ around 200 people and generate annual revenues of approximately EUR 40 million [approx. USD 46 million].
The acquired companies are Friedrich Reitemeier GmbH, led by Andreas Reibe; Versorgungstechnik Stüve GmbH, led by Matthias Stüve; Karl Busch Installationen GmbH, led by Stefan and Sabine Bretschneider; and HRW Gebäudetechnik GmbH, led by Philipp Berkemeier. The operations are focused on commercial and industrial projects, service and refurbishment.
The companies are based in Hamburg and Eastern-Westphalia and will continue to operate under their existing local brands and leadership. Together, they represent a regional presence in refrigeration, heating and energy-efficient technical installations in Northern and Western Germany.
“Germany is an important market with strong long-term demand driven by energy efficiency, modernisation needs and the transition towards more sustainable solutions in cooling and heating. These are well-managed companies with strong technical expertise, deep local customer relationships and a culture that fits Nordic Climate Group very well,” says Fredrik Gren, President and Group CEO of Nordic Climate Group.
“We see Nordic Climate Group as a strong long-term home for our companies. We share the same view on local entrepreneurship, close customer relationships and technical expertise. Becoming part of a larger group focused on cooling/heating also creates new opportunities for knowledge sharing and continued development, while maintaining the strengths and identity of each local company,” say Andreas Reibe, Philipp Berkemeier, Family Stüve and Family Bretschneider.