04 Jul '24
Nordic Climate Group is establishing itself in the Netherlands by acquiring Compair Airconditioning B.V., Capelle aan den IJssel, and T&S Klimaattechniek B.V., Woerden. These acquisitions are the first in the fifth market where Nordic Climate Group operates. Since its start in 2021, the group has grown to become the leading player in refrigeration installations focusing on energy efficiency and sustainability in Sweden, Norway, Finland, and Denmark. With the Dutch acquisitions, Nordic Climate Group becomes a significant player in northern Europe and intends to further strengthen its position by incorporating more companies. Compair and T&S together contribute over 60 employees and approximately 23 million EUR in turnover. As a result, Nordic Climate Group has over 1,600 employees across approximately 80 local establishments and generates over EUR 400m in revenue.
Nick Hessels and Merijn Elshof provided legal advice to the shareholder of Compair Airconditioning B.V. in this acquisition.
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