Francks Kylindustri

What Francks Kylindustri does

Francks Kylindustri is a Nordic provider of industrial and commercial refrigeration and heating solutions, founded in 1950 in Sweden and headquartered in Norrköping. The company designs, installs, commissions, and services tailored cooling and heating systems for customers across Sweden, Norway, Denmark, Finland, and the Netherlands, operating more than 50 offices with over 700 employees. Its core technology stack spans industrial and commercial cooling systems, heating technology, heat pumps extracting energy from natural sources (waterways, wastewater, industrial waste heat, ground, air), district cooling and district heating central plants, process cooling for pharmaceutical and industrial applications, and custom SCADA/automation systems with PLC programming and control cabinet manufacturing. Francks works with natural refrigerants including ammonia, CO2, and propane, an expertise that positions it favorably as EU F-gas regulations phase down high-GWP synthetic refrigerants.

The company monetizes through a hybrid revenue model combining one-time project-based installation and commissioning revenue with recurring service and maintenance contracts (including 24/7 emergency coverage), remote monitoring and operations support subscriptions, custom automation/SCADA delivery, and short-term rental cooling. Pricing is per-project or per-service-agreement with no publicly disclosed rate cards, and the go-to-market is direct enterprise field sales through the regional office network with no intermediaries or resellers. Customers span food retail (ICA, Lidl), industrial manufacturing and pharmaceuticals (Novo Nordisk, Gunnar Dafgård, Trioworld), logistics and warehousing (Axfast, Dagab, Frigoscandia), energy companies and district utilities (Fortum, Tekniska Verken Linköping), commercial properties, and the public sector, with a stated customer base of more than 1,000.

The business is majority-owned by IK Partners following the August 2025 buyout from Segulah V (Amplio Private Equity), with Ardian providing Private Credit financing in December 2025. Since 2024 the company has pursued an aggressive buy-and-build program—acquiring NH3 Kølegruppen and Svedan in Denmark, Naturlig Kulde, Storm Kulde, and Øyangen in Norway, Nijssen and Ventri in the Netherlands, and Soft & Teknik's heat-pump service business—supplemented by a SEK 550 million senior secured bond issued on Nasdaq Stockholm in April 2024. Disclosed revenue is approximately 2,200 MSEK, ISO 9001:2015 certification underpins quality management, and the Francks Academy supports a continuous pipeline of specialist technicians.

Name

Francks Kylindustri

Legal name

Francks Kylindustri Holding AB

Website

https://francksref.com

Company type

Public

Founded year

1950

Operating status

Operating

Headcount range

1–10 employees

Short description

Francks Kylindustri is a Nordic provider of industrial and commercial refrigeration and heating solutions, serving over 1,000 customers across food retail, manufacturing, logistics, energy, and public sectors via 50+ offices in five European countries.

Ownership category

akta.pro rank

Product category

Industrial Refrigeration and Heating Services

NAICS

Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Refrigeration & Service Industry Machinery (3580), Heating Equipment, Except Electric & Warm Air Furnaces (3433), Auto Controls For Regulating Residential & Comml Environments (3822)

akta.pro primary industry

Commercial & Industrial Refrigeration Systems (IMAHAKAA)

akta.pro secondary industries

HVAC & Refrigeration Contracting (IMAFALAB), Chillers & Cooling Plant Equipment (IMAHAKAE), Chillers, Boilers & Central Plant Operations (BPABACAG), Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC), Refrigeration Components & Controls (Compressors, Valves, Sensors) (IMAHAKAH), Refrigeration Installation & Replacement (Commercial) (HSAOAJAD)

Keywords

• Industrial refrigeration systems
• Commercial heating solutions
• Process cooling services
• District cooling networks
• Heat pump installations

Headquarters

HQ city

Sollentuna

HQ country

Sweden

HQ region

Europe

Offices51 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Installation & Project Revenue: One-time project-based revenue from design, engineering, installation, and commissioning of custom cooling and heating systems. Projects range from small commercial installations to large industrial district cooling/heating plants.
2. Service & Maintenance Contracts: Recurring revenue from service agreements covering preventive maintenance, corrective maintenance, operational support, and 24/7 emergency service. Service contracts can be customized to customer needs and include regulatory compliance inspections.
3. Remote Monitoring & Operations Support: Online monitoring and operational support services for customer installations, providing remote supervision and optimization.
4. Automation & Control System Delivery: Custom automation solutions and SCADA systems sold as project deliveries or upgrades, including control cabinet manufacturing and PLC-level programming.
5. Rental Cooling: Short-term rental of portable cooling units for temporary needs such as breakdowns, large overhauls, or events.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

Francks Kylindustri designs, installs, commissions, and services industrial and commercial refrigeration and heating systems, supported by in-house engineering, automation/SCADA, and 24/7 maintenance capabilities. The company delivers cooling systems, heat pumps, district cooling and heating networks, process cooling, and rental cooling to enterprise customers in food retail, industrial manufacturing, logistics, energy, and the public sector. It also operates F-gas compliance advisory services and the Francks Academy technician training program.

Product overview

Francks Kylindustri is a leading Northern European provider of industrial and commercial refrigeration and heating solutions, founded in 1950 and headquartered in Norrköping, Sweden. The company operates across Sweden, Norway, Denmark, Finland, and the Netherlands with over 700 employees and approximately 2,200 MSEK in revenue. Its core offerings center on two main product lines—Kyla (Cooling Systems) and Värme (Heating Systems)—supported by four service modules: Projektering (Design & Engineering), Installation, Service (including 24/7 maintenance), and Automation & SCADA Systems. The company serves diverse applications including district heating/cooling, process cooling, retail and commercial kitchen cooling, cold storage, logistics centers, ice arenas, sports facilities, and heat pumps. Recent strategic acquisitions in Denmark (NH3 Kølegruppen, Svedan Industri, Soft & Teknik), Norway (Øyangen, Storm Kulde, Naturlig Kulde), the Netherlands (Nijssen, Ventri), and Sweden (NR Kyl) have expanded its geographic footprint and service capabilities. The company follows ISO 9001:2015 quality standards and is majority-owned by IK Partners since 2025.

Differentiator

Problem solved

Functional benefit

Brands

• Francks Academy: Internal training platform with specialists who develop their competence and train the rest of the organization.
• Francks Kylmäteollisuus
• Francks Køleindustri

Products and services

• Kyla (Cooling Systems)
• Värme (Heating Systems)
• Projektering (Design & Engineering)
• Installation
• Service
• Automation & SCADA Systems
• Fjärrkyla (District Cooling)
• Fjärrvärme (District Heating)
• Komfortkyla (Comfort Cooling)
• Processkyla (Process Cooling)
• Kylrum och fryshus (Cold Rooms & Freezer Rooms)
• Logistikcenter (Logistics Center Cooling)
• Butikskyla (Retail Cooling)
• Restaurang- och storkökskyla (Restaurant & Commercial Kitchen Cooling)
• Värmepumpar (Heat Pumps)
• Hyrkyla (Rental Cooling)
• Kylaggregat för ishall och isbana (Ice Arena & Ice Rink Cooling)
• Sporthall (Sports Hall Climate Control)
• F-gas Consulting (F-Gas Regulation Advisory)
• Francks Academy

Quantifiable outcome

• Zero CO2 emissions from district cooling (fjärrkyla) systems compared to conventional local cooling plants
• +3 more outcomes

Named customers18 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Nine partnerships are on record, tiered minor.

• Soft & Teknik A/SminorStrategic or Co-development Partner · 26 August 2026Francks agreed to acquire the heat-pump service business of Soft & Teknik A/S in Denmark, expanding its service offering in the Danish market.
• Nijssen BVminorStrategic or Co-development Partner · 11 June 2026Francks expanded into the Netherlands through the acquisition of Nijssen BV, a Dutch specialist in refrigeration, climate technology, and agricultural applications, based in Leiden.
• Ventri Techniek BVminorStrategic or Co-development Partner · 11 June 2026Francks expanded into the Netherlands through the acquisition of Ventri Techniek BV, a Dutch specialist in refrigeration, climate technology, and agricultural applications, based in Dronten.
• Øyangen ASminorStrategic or Co-development Partner · 19 May 2026Francks expanded its Norwegian platform through the acquisition of Øyangen AS, a Norwegian refrigeration service and contracting specialist based in Ålesund.
• NR KylminorStrategic or Co-development Partner · 4 February 2025Francks strengthened its position in the Gothenburg region through the acquisition of NR Kyl, a specialist offering installation and service within cooling and heat pumps for commercial and industrial clients.
• Storm KuldeminorStrategic or Co-development Partner · 2 December 2024Francks and Therma Industri acquired Storm Kulde, headquartered in Ulefoss, Telemark, southwest of Oslo, engaged in installation and service of refrigeration systems in Norway.
• Naturlig KuldeminorStrategic or Co-development Partner · 22 November 2024Francks and Therma Industri continued expansion in Norway through the acquisition of Naturlig Kulde, founded in 2020, headquartered in Heimdal, Trondheim.
• NH3 KølegruppenminorStrategic or Co-development Partner · 12 July 2024Francks acquired NH3 Kølegruppen, a cooling system and heat pump specialist founded in 2001, based in Hanstholm, Denmark. The acquisition strengthened Francks' presence on the Jutland peninsula. Current owners remained operational within the company following the deal.
• Svedan Industri KøleanlægminorStrategic or Co-development Partner · 12 July 2024Francks acquired Svedan Industri Køleanlæg A/S, a leading Danish provider of industrial cooling and heating solutions, in July 2024. Revenue of approximately DKK 66 million in 2023. This was a strategic milestone creating a leading industrial cooling and heating specialist in Denmark.

Scale indicators17 records

Recent moves8 records

Expansion highlights7 records

Broad incumbents

• GEA Group: German industrial equipment group with significant refrigeration and heat pump businesses serving food, dairy and process industries. Competes with Francks in industrial process cooling and refrigeration systems for food manufacturing customers across Europe.
• Carrier Commercial Refrigeration: Global refrigeration and HVAC OEM with extensive service footprint including Nordic operations. Competes with Francks on large industrial refrigeration projects and on service contracts for retail and foodservice customers, but offers a much broader portfolio of equipment and aftermarket services.
• Danfoss: Danish global supplier of refrigeration components, compressors, controls and heat pump technology. Adjacent competitor and supplier to Francks; Danfoss components power much of Francks' installed base and Danfoss also sells service and integrated solutions into overlapping Nordic customers.
• Trane Technologies: Global HVAC and commercial refrigeration OEM (Trane, Thermo King) with growing heat pump portfolio. Competes with Francks on commercial/industrial heating, cooling and refrigeration service contracts, particularly in retail and district energy.
• Alfa Laval: Swedish industrial heat transfer, separation and fluid handling specialist with brazed plate heat exchangers used across HVAC and refrigeration. Comparable as a Nordic-headquartered industrial thermal equipment peer; addresses overlapping district energy, process cooling and heat pump customers.
• Johnson Controls: Global building technologies and HVAC/refrigeration incumbent (York, Sabroe brands) with strong Nordic presence in industrial refrigeration and heat pumps. Overlaps with Francks in industrial process cooling, district energy and large commercial refrigeration installations.
• Bitzer: German global refrigeration compressor manufacturer with European service network. Competes indirectly with Francks as a refrigeration equipment supplier to industrial and commercial customers in the same Nordic and DACH geographies.
• Kelvion: German industrial heat exchanger and refrigeration component manufacturer serving HVAC, food and process industries. Comparable to Francks on the equipment and heat-transfer technology side and competes for industrial and commercial refrigeration customer relationships in Europe.

Direct peers

• Star Refrigeration: UK-based industrial refrigeration contractor and equipment specialist providing design, installation and service of ammonia and CO2 systems across industrial, food and pharma end markets. Comparable to Francks as a brand-independent industrial refrigeration service specialist in Northern Europe.
• Mayekawa: Japanese-headquartered industrial refrigeration specialist with strong European presence focused on ammonia and natural refrigerant systems for food, chemical and logistics customers. Directly comparable to Francks on industrial refrigeration technology and end-market exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@francks
• Facebookfacebook.com/franckskylindustriab
• LinkedInlinkedin.com/company/francks-kylindustri-ab
• Instagraminstagram.com/franckskyl

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Francks Kylindustri