Positions itself as a system supplier for the cooling chain in the transport industry
Refrigerant compressor manufacturer, Bitzer has announced taking over the truck-and trailer-cooling division of Finland-based specialist in cooling systems in the transport industry, Lumikko Oy, from private ownership with retroactive effect from December 1, 2012. It has been agreed not to disclose the purchase price, the announcement added.
According to Bitzer, its objective is to become technology leader in the truck-and trailer-cooling market. It gave specific details of the takeover: As part of the transaction,
it is buying all of the shares in the transport cooling division and keeping all 20 of Lumikko’s employees. Kari Saikkonen, son of one of Lumikko’s founders, will become Managing Director of the new Lumikko Technologies Oy. Open and semi-hermetic transport compressors will come from Bitzer, controllers from the Danish Bitzer subsidiary Lodam, and the cooling units, customer service and maintenance from Lumikko.
Helmut Meyer, Director of Sales at Bitzer’s Transport Division, explained: “Combining our abilities will position us firmly as a system supplier. Intelligent solutions from a single source will reduce life-cycle costs while increasing energy efficiency and reliability. We want to gain ground with every large-scale supplier of trailers and truck bodies around the world.”
Michael Bauer, Chief Sales and Marketing Officer at Bitzer elaborated: “By taking over this division, we are creating the conditions from which to become a system supplier in truck and trailer cooling. Both companies know each other from joint projects that go back as far as the 1980s.”
Saikkonen added: “Integrating into a globally active company opens up enormous sales potential to us.”