Ternstedt Invent Acquires Steffes Refrigeration and Heat Pumps

Steffes Kyl- & värmepumpar operates throughout Östergötland with service and sales of refrigeration and heating equipment. Everything from water heaters and air source heat pumps for houses to the largest property heat pumps. The business started in 1991 and today has a turnover of approximately SEK 10 million.

Ternstedt Invent is a group with just over 120 employees offering functional complete solutions within HVAC, ventilation, sheet metal, refrigeration and electricity.

Statement from Richard Pihl, CEO and owner of Ternstedt:

"Steffes kyl- & värmepumpar is an established installation and service provider of heat pumps that will contribute well-established work processes and extensive expertise. Ternstedt Invent AB has, in its long-term strategy, the goal of establishing a strong business area within heat pumps and refrigeration, which the acquisition of Steffes- & värmepumpar will contribute to.

Svensk Företagsförmedling has handled the transaction and all contacts in a structured, professional and open manner, which has meant that we have always had a good dialogue in order to reach an agreement so that all parties have been satisfied with the deal."

Statement from Stefan Hultmark, former owner of Steffes Kyl- & Värmepumpar:

"We are happy to become part of Ternstedt. Together we will become a strong player in Östergötland and the surrounding area. As for the heat pump division, which I will belong to, we will now be able to deliver the complete solution that the customer desires, which feels good. My extremely skilled employees who are coming along are of course worth their weight in gold with their knowledge in the field.

The collaboration with Svensk Företagsförmedling has gone smoothly and without problems. I am very satisfied with how the entire transaction has progressed."

For further information, contact Andreas Lindholm at Svensk FöretagsFörmedling: 070-551 69 11, andreas.lindholm@sffab.se