Francks Kylindustri acquires Therma Industri

The acquisition is a strategic milestone for Francks as it provides access to the attractive Norwegian market and marks the beginning of Francks’ next growth phase. The combination of Francks and Therma creates a strong platform for further Nordic expansion.

«We are delighted to enter the Norwegian market through Therma, and to strengthen our Nordic market position. Therma is the leading player in the Norwegian market, and has much in common with Francks, sharing the same focus, vision and values. We look forward to continue to generate profitable growth together, and to establish a leading Nordic platform for industrial cooling and heating services», says Tomas Berggren, Chief Executive Officer of Francks Kylindustri.

“We look forward to becoming part of Francks and growing stronger together. We will draw on our joint expertise to provide our customers with an improved service and even better solutions. We are excited about leveraging our joint expertise, experience and synergies to boost our growth”, says Stein Terje Brekke, Chief Executive Officer of Therma Industri.