Incold

What Incold does

Incold S.p.A. con Socio Unico is an Italian industrial manufacturer, incorporated in 1996 as the refrigeration-envelope arm of the Arneg Group (founded 1963), operating from a 125,000 m² facility in Rovigo, Italy. It produces a four-family product platform — Multi&Evo modular cold rooms, Bigisopanel isothermal panels (GS, PGS, VR, PM series), Incoldisodoors (sliding, swing, semi-insulating, PVC doors), and Incoldactive rapid roll-up/sectional doors — alongside Incold Engineering & TK Projects turnkey design-and-build services and Coibentazioni Speciali for bakery, blast-freezing, and pasteurization applications. Annual stated capacity is 1,000,000 m² of panels, 18,000 doors, and 2,500 rapid doors; products carry ISO 45001 and ISO 14001 certifications plus EN 12445 safety compliance and proprietary Incold electronics with IP66/IP67 ratings and the IRMOS remote-monitoring system.

The company serves enterprise customers primarily in large-scale organized retail and food processing/logistics, with named references including REWE, Aldi, Eurospin, Migross, NaturaSì, Merano Speck, Foodlab, and Camst. Revenue mechanics combine direct enterprise project sales, a certified authorized-reseller network for mid-market and regional coverage, and Incold Deutschland GmbH for the German retail sector; international reach is augmented via Arneg Group subsidiaries in Korea, Colombia, Russia, Argentina, and Portugal. Pricing is quote-based and not publicly disclosed; recurring revenue is supported by post-sale 24/7 technical support (in Italy), a 48-hour spare-parts guarantee, and managed-service/maintenance contracts. As a wholly-owned subsidiary exercising direction-and-coordination under Italian Civil Code Art. 2497, Incold operates without external equity and has not been involved in disclosed M&A, funding rounds, or leadership changes during the period covered by the inputs.

Name

Incold

Legal name

INCOLD S.p.A. con Socio Unico

Website

https://incold.it

Company type

Private

Founded year

1996

Operating status

Operating

Short description

Incold S.p.A., an Italian subsidiary of the Arneg Group, manufactures modular cold rooms, isothermal panels, insulated doors, and rapid doors for European large-scale retail (REWE, Aldi, Eurospin), food processing, logistics, and pharmaceutical customers, and delivers turnkey refrigeration-envelope engineering projects globally.

Ownership category

akta.pro rank

Product category

Commercial Refrigeration Equipment

NAICS

Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Refrigeration & Service Industry Machinery (3580)

akta.pro primary industry

Chillers & Cooling Plant Equipment (IMAHAKAE)

akta.pro secondary industry

Insulation & Air/Vapor Barrier Systems (Thermal, Acoustic, WRB/AVB) (IMAFAMAD)

Keywords

• Modular cold rooms
• Isothermal insulated panels
• Commercial refrigeration equipment
• Industrial cold storage doors
• Rapid roll-up doors

Headquarters

HQ city

Rovigo

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Refrigeration Equipment Manufacturing: Incold generates revenue through the manufacture and sale of modular cold rooms, insulated panels, insulated doors, and rapid doors for commercial refrigeration, food industry, and logistics applications. Products are sold directly to end customers and through dealer networks.
2. Engineering and Turnkey Projects: Incold Engineering provides design, project management, and turnkey implementation services for refrigeration and cold storage projects, from concept to delivery.
3. Technical Support and After-Sales Services: Post-sale technical support, spare parts supply, and maintenance contracts including 24/7 emergency service in Italy

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Incold designs, manufactures, and sells modular cold rooms, isothermal insulated panels, isothermal and service doors, and rapid roll-up/sectional doors for commercial refrigeration, food processing, logistics, and pharmaceutical cold storage. The company also delivers turnkey engineering projects (Incold Engineering & TK Projects) covering design, BIM modeling, installation, and after-sales technical support, complemented by specialized insulation solutions for bakeries, shock freezing, pasteurization, and chocolate molding.

Product overview

Incold is a premium manufacturer of modular cold rooms, isothermal panels, insulated doors, rapid doors, and specialized insulation solutions for commercial refrigeration, food industry, and logistics. The product portfolio is organized as a platform approach with four core product families: Multi&Evo System (modular cold rooms), Bigisopanel (isothermal panels with GS/PGS/VR/PM series), Incoldisodoors (sliding, swing, and PVC doors), and Incoldactive (rapid roll-up and sectional doors). These are complemented by Incold Engineering & TK Projects services for turnkey installations, Coibentazioni Speciali for specialized insulation applications, and 3D Graphic Configurator tools. The proprietary IRMOS system provides remote monitoring for rapid door products.

Differentiator

Problem solved

Functional benefit

Brands

• Multi&Evo System: Modular cold room system for commercial and industrial refrigeration storage.
• Bigisopanel
• Incoldisodoors
• Incoldactive

Products and services

• Multi&Evo System (Modular Cold Rooms)

Quantifiable outcome

• Energy savings up to 26% with Performance panels
• +2 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Arneg S.p.A.coreStrategic or Co-development PartnerIncold is a subsidiary of Arneg S.p.A., operating under the direction and coordination of Arneg as the sole shareholder. Arneg provides corporate governance and the broader group ecosystem including shared values, sustainability initiatives, and global brand positioning. Incold represents Arneg's refrigeration envelope expertise within the group.
• Arneg KoreaminorChannel Partner/ Reseller/ DistributorSubsidiary producing insulated panels and cold storage units for the Korean market
• Arneg Andina Ltda (Colombia)minorChannel Partner/ Reseller/ DistributorSubsidiary producing integral modularity cells and doors for the Colombian market
• OOO Arneg (Russia)minorChannel Partner/ Reseller/ DistributorSubsidiary producing doors for the Russian market
• Arneg ArgentinaminorChannel Partner/ Reseller/ DistributorArneg subsidiary in Argentina operating for local market
• Arneg Portuguesa LdaminorChannel Partner/ Reseller/ DistributorSubsidiary producing insulated panels, cold storage units, doors, and cells with integrated modularity for the Portuguese market
• IntracminorStrategic or Co-development PartnerGroup brand for retail store fixture solutions including shelving, checkout counters, and customized installations for large supermarket chains and fast-food
• OscartielleminorStrategic or Co-development PartnerGroup brand specializing in plug-in refrigerated display cases and compact, flexible solutions

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Huurre Group: Finnish manufacturer of insulated panels and modular cold rooms for industrial, commercial, and food-grade cold storage. Directly comparable to Incold's Multi&Evo System and Bigisopanel product families, serving the same European cold chain customers.
• Metecno: Manufacturer of insulated sandwich panels for industrial, commercial, and refrigeration buildings worldwide. Direct competitor to Incold's Bigisopanel with comparable polyurethane and mineral wool panel systems.
• Coldkit Srl: Italian manufacturer of modular cold rooms and refrigerated cabinets for retail and food service. Direct competitor in Incold's home market with overlapping customer base among Italian retailers and HoReCa.

Broad incumbents

• Kingspan Group: Global leader in insulated panels, cold rooms, and building envelope solutions. Overlaps with Incold's Bigisopanel and cold room portfolio across commercial refrigeration; broader building products scale creates competitive pressure on pricing and specifications.
• Carrier Commercial Refrigeration (CCR): Global supplier of commercial refrigeration systems, cold rooms, and heat exchangers. Overlaps with Incold's envelope and integration offerings but operates at much larger scale with full refrigeration system packages.
• Epta Group: European refrigeration specialist producing display cases, cold rooms, and integrated refrigeration systems for retail. A fellow European mid-to-large refrigeration group with adjacent product portfolio in retail envelope and refrigeration.
• Viessmann Refrigeration: German-based provider of commercial and industrial refrigeration solutions (formerly Viessmann Kältetechnik). Competes with Incold on turnkey refrigerated warehouse and cold-storage projects across Europe.

Emerging players

• BITZER Group: German manufacturer of refrigeration compressors and condensing units serving commercial and industrial refrigeration. Adjacent rather than directly comparable, but a known counterpart in cold-chain system design where Incold provides the envelope.
• Carel Industries: Italian manufacturer of electronic controllers and IoT solutions for HVAC and refrigeration. Comparable to Incold in its move toward digital monitoring of rapid-door systems (IRMOS) and integrated electronic control of cold-room environments.

Regional players

• Frigeri Srl: Italian producer of commercial cold rooms and insulated panels primarily serving the domestic market. Direct competitor in Italy's modular cold room segment with comparable product lines to Incold's Multi&Evo and Bigisopanel.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCM5BKtWJzT7GmGNWDXToUnA
• Facebookfacebook.com/incoldspa
• LinkedInlinkedin.com/company/incold-s.p.a.
• Instagraminstagram.com/arnegworld

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Incold