# PTG acquires FrioNordica and combines ownership with Kuldeteknisk in new group

Perfect Temperature Group AS (PTG) entered into an agreement to acquire Norway's FrioNordica and combine ownership with Kuldeteknisk in a new group, creating a complete refrigeration product portfolio for the seafood industry.

- Type: Acquisition
- Announced: 2018-08-21
- Where: Malmefjord, Norway, Norway
- Status: announced
- Products: refrigeration systems, freezing solutions, heat pumps, ice systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Frionordica AS](https://endata.com/companies/22449.md) (target)
- [Perfect Temperature Group AS](https://endata.com/companies/33858.md) (acquirer)
- [Kuldeteknisk](https://endata.com/companies/33859.md) (partner)
- [Kuldeteknisk](https://endata.com/companies/33859.md) (target)

## Sources

- [ptg.no](https://www.ptg.no/en/new-strong-group-for-refrigeration-in-hot-seafood/), 2018-08-21: "Collectively, FrioNordica and Kuldeteknisk offer a complete product portfolio tailored to a constantly growing international seafood market."
- [coolingpost.com](https://www.coolingpost.com/world-news/merger-creates-strong-seafood-group/), 2018-08-21: "Together FrioNordica and Kuldeteknisk have a complete product portfolio adapted to an ever-expanding international seafood market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.