Heinen & Hopman becomes principal shareholder in Teknotherm Marine AS

Dutch Heinen & Hopman has bought, effective November 26th 2015, 60% of the shares in Teknotherm Marine AS. The deal includes the subsidiary companies in China, Poland, Turkey, Sweden and Tromsø, Norway. "We consider Teknotherm a great asset to the Heinen & Hopman Group. It is a supplier of high quality products with a strong brand name in a market where we want to strengthen our position," says Joep Hopman, CEO of Heinen & Hopman. He especially sees big opportunities for global growth within the offshore and fishing industry.

Teknotherm, built on Norwegian values and quality for many years, is a global supplier to this niche market. "We want to focus on Teknotherm as a brand in the future as well and we are sure we can provide the company with an even more global focus. We aim to strengthen their ability to meet the global competition with support from our local offices and global network of HVAC&R expertise," says Hopman.

"Teknotherm as a company and brand has a strong position in the market, and we see a big potential for further growth together with Heinen & Hopman. We would like to grow our global market share and we need a partner like Heinen & Hopman to develop and grow our concept further," says chairman and owner of Teknotherm, Pål Myklebust. "It is a great opportunity for us to be part of a worldwide network with extensive resources while at the same time maintaining our valuable branding and profile. The acquisition will not impose any changes to the Teknotherm branding, location, management group or employees. The Teknotherm brand will be unaffected.", Myklebust continues.

"Heinen & Hopman has committed to a long-term development of the Teknotherm Group among other factors by securing a 10 years contract for the main office and factory localised in Halden," says Teknotherm Group’s CEO, Roy Moberg. "We are really looking forward to starting this process together with Heinen & Hopman to develop and make use of valuable synergies in areas such as HVAC and the fishing industry. This will benefit our customers, suppliers and employees. " Moberg concludes. The previous sole shareholder Eagle AS will still possess 40% of the shares in the company.

Heinen & Hopman is one of the world’s leading suppliers of Heating, Ventilation, Air Conditioning (HVAC) and Refrigeration systems within the maritime sector for more than 50 years. With over 30 strategic locations worldwide, Heinen & Hopman supplies custom-built HVAC&R solutions for any vessel, anywhere in the world. Heinen & Hopman and Teknotherm Group will make a very powerful and robust organization both within the maritime and offshore industry.