Swedish fossil-free refrigerated transport manufacturer grows in the UK
Refrigeration unit company Hultsteins acquires British company Cold Chain Federation member Cold Connect.
Swedish company, Hultsteins has developed fossil-free refrigerated transport since 1962. The company is now consolidating its position in the UK market by acquiring Cold Connect.
Hultsteins has long been known for fossil-free solutions for refrigerated truck transport. The company’s hydraulic-powered refrigeration units have given it a unique position in a market where diesel-driven units are increasingly being called into question. In the UK, Cold Connect has held a similar position by offering sustainable refrigerated transport powered by electricity or hydraulics instead of diesel. The companies have previously worked closely together and now Hultsteins has acquired Cold Connect.
“The acquisition of Cold Connect gives us a solid foundation in a very interesting market. It also expands our technical knowledge about electricity and hybrid solutions, which means that we are well-equipped to meet future refrigerated transport requirements,” says Hultsteins’ CEO Börje Axelsson.
In the British market, Hultsteins will build on both companies’ innovative approaches to refrigerated transport.
“The integration of Cold Connect with Hultsteins was a natural step as the companies have many similarities, not least when it comes to smart solutions that are sustainable for both customers and the environment,” says Stephen Maile, CEO of Cold Connect.