Perfect Temperature Group AS (PTG) has today signed an agreement to partner with Nordic Climate Group AB (NCG). PTG is controlled by the Norwegian private equity player Nord Kapitalforvaltning. NCG is controlled by the Swedish private equity fund Capillar.
PTG is a #1 player in environmentally documented temperature control solutions for marine and industrial customers globally as well as commercial customers in Norway. NCG is a Nordic leader in sustainable temperature control solutions for customers across industries and with a stronghold in Sweden. The combined company will have 2021 proforma revenues of close to 2bn kroner with strong growth and profitability. PTG shareholders will receive a combination of cash and shares in the new group as consideration for their PTG shares. PTG will together with NCG take lead in developing the new group into a #1 Northern European temperature control solution player with a strong focus on sustainability. The transaction is subject to customary regulatory approvals and is planned to close in February 2022.
Alpha Corporate Finance AS acted as financial advisor to PTG´s shareholders and board of directors. BAHR acted as legal counsel.