Polaris enters partnership with TEFCOLD
Through the transaction, Polaris becomes the majority shareholder in TEFCOLD, while founder Torben Christensen and family retain a significant ownership stake and will continue as shareholders alongside management.
The partnership supports TEFCOLD’s continued growth strategy and ambition to strengthen its position in the European commercial refrigeration market through both organic initiatives and acquisitions.
Torben Christensen, Founder of TEFCOLD, states:
“I am proud of what TEFCOLD has achieved over the years and excited about the opportunities ahead. Polaris shares our long-term perspective and entrepreneurial mindset, making them a strong partner for the company’s next phase of growth.”
TEFCOLD will continue to operate independently under its existing management team, led by CEO Jesper Kirkeby Hansen. Daily operations, customer relationships and business activities will continue unchanged.
“TEFCOLD has built a strong platform with deep industry expertise, long-standing customer relationships and a dedicated team. We look forward to partnering with Torben, Jesper and the rest of the organisation to support the company’s continued development and growth,” says Nicolai Vennekilde, Partner at Polaris.
Together, TEFCOLD and Polaris will focus on accelerating the company’s development through continued investments in commercial initiatives, operational capabilities and strategic acquisitions, while maintaining the entrepreneurial culture and customer focus that have been key to TEFCOLD’s success.
The parties have agreed not to disclose the terms of the transaction.
