Avance advises Nordic Climate Group, a portfolio company of Altor, in the acquisition of MV-Jäähdytys, Finland’s leading independent supplier of heating and cooling services, including installation, maintenance, and repairs for cooling and heating systems and industrial kitchens. With the acquisition of MV-Jäähdytys, Nordic Climate Group adds Finland in its operations, bringing the group’s aggregate turnover to SEK 2.8 billion.
The completion of the transaction is subject to regulatory approvals and customary closing conditions.