Storskogen acquires Frigo and strengthens its position in the refrigeration market in Switzerland.
Stockholm, Zuzwil, St. Gallen, 31 August 2021 – Storskogen has acquired Frigo AG, an installation company in the refrigeration market in Switzerland. The company was founded in 1947 and has two locations in the western part of Switzerland, Berne and Biel. The transaction was completed at the end of August 2021 and is expected to have a marginally positive impact on Storskogen’s earnings.
The acquisition of Frigo is an add-on acquisition to Storskogen’s subsidiary Frigel AG and will support Frigel’s strategy to expand the geographic footprint and establish new locations across Switzerland to be able to provide a better service experience for its client base. The former owner will remain with Frigo and looks forward to developing the company together with Frigel.
“Together with Frigel, we are able to strengthen our position in the market and expand our service offering and provide an interesting long-term future for Frigo as well as its employees.” Franz J. Schnyder, CEO of Frigel.
Thomas Werner, Investment Director at Storskogen and President of the Board at Frigel sees the acquisition of Frigo as a solid next step towards strengthening Frigel’s market position in the refrigeration market in Switzerland.
"With this acquisition we will further strengthen our standing in Switzerland and establish our dual market approach. Frigo is an excellent fit for Frigel in view of the quality standards pursued and the healthy business culture. “ says Thomas Werner, Investment Director and Head of Service DACH.
For more information please contact:
Thomas Werner, Investment Director and Head of Service DACH / President of the Board at Frigel
Tel: +41 79 354 32 72
For media inquiries please contact:
Michael Metzler, Press officer
Tel.: +46 704 555 881
Frigo AG was founded in 1947 and serves its client base in the Western part of Switzerland with locations in Berne and Biel. The company focuses on the installation and maintenance of refrigeration and air conditioning systems with a focus on B2B clients.
Storskogen acquires and manages well-managed and profitable small and medium-sized companies in Industry, Trade and Services in the Nordic countries, DACH and the United Kingdom. At the end of the first half-year 2021, Storskogen consisted of 94 business units with a total of 7,000 employees and a turnover of almost SEK 11.5 billion.