Are acquires Kylmä-2000
Published 4 May 2021
Are acquires Kylmä-2000 Oy, which is one of the leading companies in the refrigeration sector. The transaction strengthens Are’s expertise in refrigeration services, especially in the field of grocery trade. The company will continue its operations independently, as part of Are.
The family business Are has invested in long-term profitable growth. Are expanded into Sweden in 2019 through the acquisition of the family-owned Kungälvs Rörläggeri and expanded its operations in the following year through the acquisition of the building services provider Climat80 Gruppen. Are continues to ex-pand its services through the acquisition of Kylmä 2000 Oy, operating in Southern Finland. The company employs around 50 professionals, with a turnover of approximately EUR 7 million.
The transaction significantly improves Are’s competence in the installation and maintenance of refrigeration services.
– We believe there will be growth in the refrigeration market in the future. Refrigeration engineering is a sector where expertise is required and which is impacted by, e.g., buildings’ energy-efficiency requirements. Together, we will become an even stronger and more versatile operator, says Are’s CEO Timo Kohtamäki
In addition to being family-owned, both companies share the common desire to improve their services swiftly and with the customer at the center. Kylmä 2000 has worked to grow and improve its business for more than 30 years.
– It is a privilege to become part of Are. As the leader in the sector, they will provide us with the means to serve our customers more extensively than ever before. It was important for us to find an owner who is willing to commit to maintaining the agility integral to our operations, says Juha Savolainen, one of the former owners of Kylmä 2000 Oy.
The company will continue its operations independently, as part of Are. The acquisition will not have any impact on personnel, nor will it bring any changes to the management currently in place.
Further information: Are Oy, Timo Kohtamäki, CEO
Inquiries via Maiju Nupponen, Head of Communications
+358 (0)40 300 5995