What Aircoil does

Aircoil is a Swedish supplier and assembler of heat exchange products, founded in 1970 and headquartered in Årjäng, Värmland. The company operates within the Aircoil Group AB holding structure alongside its Norwegian sister company Aircoil AS, and is partially employee-owned. Its core offering spans the broadest range of heat exchange coils and batteries in the Nordic region — including heating, cooling, evaporator, condenser, recovery, combi, electric, steam, and industrial coils — supplemented by refrigerant coolers, air-cooled condensers, tube and plate heat exchangers, fan air coolers, and resold lines from EVAPCO (cooling towers, evaporative condensers) and Aermec (fan convectors).

The underlying technology is centered on applied thermal engineering and material science: Aircoil selects and combines materials such as copper/aluminium, stainless steel, hot-galvanized steel, and acid-resistant alloys with post-treatment coatings (Heresite P-413, Blygold, Electrofin E-Coat, cataphoresis, tinning) to produce coils engineered for corrosive, high-temperature, and demanding industrial environments. The proprietary AC MasterSelection software enables customers to size, configure, price, and export DXF 3D models for coils, functioning as both a productivity tool and a customer-engagement channel. Production capacity is stated at approximately 100,000 heat exchangers per year.

Aircoil operates a sales-led, project-based business model with technical consultation embedded throughout the sales cycle. Pricing is quote-based and configuration-specific with no public price list. Revenue is generated through four streams: custom heat exchanger sales to industrial and contract customers, technical consulting and sizing services bundled into sales, OEM batch production under long-term partnerships, and hardware distribution (Aermec fan convectors via resellers, EVAPCO cooling towers). The company serves HVAC, process cooling, industrial/process (paper, mining, power, chemicals), food sector, and OEM customers primarily across Sweden, Norway, Finland, and Denmark, and holds ISO 9001:2015 and ISO 14001:2015 certifications.

Name

Aircoil

Legal name

Aircoil AB

Website

https://aircoil.se

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

11–50 employees

Short description

Aircoil is a Swedish, employee-owned supplier and assembler of heat exchange coils, refrigerant coolers, cooling towers, and fan convectors, founded in 1970 and headquartered in Årjäng. It serves HVAC, process cooling, industrial, food, and OEM customers across the Nordic region through direct technical sales and reseller channels.

Ownership category

akta.pro rank

Product category

Heat Exchangers & HVAC Components

NAICS

Power Boiler and Heat Exchanger Manufacturing (33241), Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414)

SIC

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

akta.pro primary industry

Heat Exchangers & Thermal Transfer Equipment (IMAHAKAC)

akta.pro secondary industries

Heat Exchangers, Coils & Hydronic HVAC Components (IMADANAF), Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC)

Keywords

• Heat exchangers
• HVAC equipment
• Industrial coils
• Cooling towers
• Heat recovery systems

Headquarters

HQ city

Årjäng

HQ country

Sweden

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Custom Heat Exchanger Sales: Sale of bespoke and standard heat exchangers, coils, cooling towers, and related products. Products are customized to customer specifications with varying materials, dimensions, and performance characteristics. Revenue is project-based with long sales cycles involving technical consultation, sizing, and manufacturing.
2. Technical Consulting & Sizing Services: Technical advisory services including product sizing, system design consultation, and application engineering support. Provided as part of the sales process to help customers select optimal solutions.
3. OEM Batch Production: Long-term OEM partnerships involving bespoke batch production from initial project through series production. Includes product development, prototype creation, and ongoing supply of customized components.
4. Fan Convector Distribution: Distribution of Aermec fan convectors through resellers to end customers. Private customers can purchase spare parts directly.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Aircoil supplies and assembles heat exchange products including coils (heating, cooling, evaporator, condenser, recovery, combi, electric, steam, industrial), refrigerant coolers, air-cooled condensers, fan convectors, cooling towers, evaporative condensers, tube and plate heat exchangers, and tube components. The company also distributes Aermec fan convectors and EVAPCO cooling towers, supported by its proprietary AC MasterSelection sizing software and specialized surface treatments (Heresite, Blygold) for corrosive environments.

Product overview

Aircoil is a provider of heat exchangers and HVAC products, offering the broadest range of coils/batteries and related equipment in the Nordic region. The core product portfolio centers on heat exchange coils (heating, cooling, evaporator, condenser, recovery, combi, electric, steam, and industrial coils) and extends to complementary products including refrigerant coolers, fan air coolers, tube and plate heat exchangers, and cooling towers/evaporative condensers. Aircoil resells cooling towers and evaporative condensers from EVAPCO and fan convectors from Aermec. The product line is supported by AC MasterSelection selection software for coil sizing calculations and surface treatment services (Heresite, Blygold, Cataphoresis) for corrosion protection. Applications span HVAC, process cooling, food sector, power/industrial/process sectors, and OEM/custom batch production.

Differentiator

Problem solved

Functional benefit

Products and services

• Cooling Coils (CW, CC-W) Heat exchange coils designed for cooling applications, available in standard (CW) and custom (CC-W) configurations for HVAC and process cooling systems.
• Heating Coils (HW, CH-W, Thermoguard HWTG) Heat exchange coils for heating applications, including standard HW models, CH-W variants, and Thermoguard HWTG for enhanced durability.
• Evaporator Coils (DX, CC-E) Evaporator coils for refrigeration systems, available in DX direct-expansion and CC-E configurations.
• Condenser Coil CD Condenser coils for HVAC and refrigeration condensing applications.
• Recovery Coil TLFL Heat recovery coils (TLFL) for recovering thermal energy from exhaust air streams.
• Combi-Coils (CWHW, CC-W) Combined heating and cooling coils that provide both functions in a single unit, available in CWHW and CC-W configurations.
• Electric Coils (EL, CH-EL) Electric heating coils for direct electrical heating applications in HVAC systems.
• Steam Coils Heat exchange coils designed for steam heating applications in industrial and commercial settings.
• Industrial Coils Custom-designed coils for demanding industrial applications including paper mills, sawmills, mining, and power generation.
• Replacement & Exchange Coils Replacement coils for upgrading or replacing existing heat exchangers in HVAC and industrial systems.
• Refrigerant Coolers & Air-Cooled Condensers Refrigerant coolers (10-2,000 kW) and air-cooled condensers for commercial and industrial cooling applications, transferring process heat to ambient air.
• Aermec Fan Convector FCW Wall-mounted fan convector with ceiling-close positioning for efficient heating and cooling, available in four sizes with outputs from 1,420-7,600 W heating and 1,370-7,450 W cooling.
• Aermec Fan Convector Omnia UL Smart fan convector with low noise operation and built-in electrostatic filter, designed for heat pump integration and low-temperature system conversion, available in four sizes.
• Aermec Fan Convector Omnia Slim Compact fan convector with low noise level for residential heating and cooling, featuring double-pipe system compatible with all water-borne heating systems.
• Fan Air Coolers (Roenest) Evaporators for refrigeration and freezer rooms, available in one-sided and double-sided configurations with white-painted aluminum casing, certified to UL, PED, GOST, TÜV and SUD standards.
• Open Cooling Towers (EVAPCO) Open cooling towers for industrial applications, offering lower water temperatures but requiring more maintenance and higher water consumption than closed systems.
• Closed Cooling Towers (EVAPCO)

Quantifiable outcome

• Approximately 100,000 heat exchangers supplied per year
• +1 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• EVAPCOcoreChannel Partner/ Reseller/ DistributorEVAPCO is a key supplier partner for cooling towers and evaporative condensers. Aircoil distributes the full range of EVAPCO products including open cooling towers, closed cooling towers, hybrid cooling towers, and evaporative condensers with CrossCool technology. Aircoil also supplies spare parts for older EVAPCO equipment.
• AermeccoreChannel Partner/ Reseller/ DistributorAermec is a key supplier of fan convectors. Aircoil distributes Aermec products including FCW, Omnia UL, Omnia Slim, and related models. Products are sold through reseller network to contractors and end customers, with spare parts available directly from Aircoil.
• RoenESTminorChannel Partner/ Reseller/ DistributorRoenEST supplies fan air coolers distributed by Aircoil. Products include one-sided and double-sided units for refrigerator/freezer rooms, available in various versions and sizes with water and refrigerant options.
• Aircoil AS (Norway)coreStrategic or Co-development PartnerAircoil AS is the Norwegian sister company within Aircoil Group AB. Together they form the Nordic footprint, with Aircoil AB serving the Swedish market and Aircoil AS extending reach to Norwegian customers.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Baltimore Aircoil Company (BAC): Global manufacturer of cooling towers, evaporative condensers and closed-circuit coolers for HVAC and process applications. Direct competitor to the EVAPCO lines Aircoil distributes, and a comparable one-stop shop for industrial heat-rejection equipment.
• Kelvion: German-headquartered manufacturer of plate, shell-and-tube and welded heat exchangers for HVAC, refrigeration, power and process industries. Comparable product mix in coils and shell-and-tube exchangers serving the same industrial customer base as Aircoil.
• Sondex (Danfoss): Now part of Danfoss, Sondex manufactures gasketed and brazed plate heat exchangers for HVAC, refrigeration and industrial use. Directly comparable in plate-exchanger technology and customer segments to Aircoil's plate heat exchanger range.
• SPX Cooling Technologies: Manufacturer of cooling towers, evaporative condensers and air-cooled heat exchangers (Marley, Recold, Hamon brands). Overlaps with Aircoil's process-cooling portfolio and competes for the same industrial and data-center customers.
• Güntner: German manufacturer of heat exchangers, condensers, evaporators and air coolers for refrigeration, air-conditioning and industrial cooling. Comparable coil-based product portfolio serving HVAC and process-cooling OEMs and installers.
• SWEP (Dover): Part of Dover, SWEP produces brazed plate heat exchangers widely used in HVAC, refrigeration and district heating. Comparable plate-exchanger offering to Aircoil's REK+/REC+ and gasket plate heat exchangers, targeting similar contractors and OEMs.
• Alfa Laval: Sweden-based global manufacturer of heat exchangers, including plate, brazed plate, gasketed and fusion-bond designs serving HVAC, refrigeration and industrial process customers. Direct competitor with overlapping product breadth and Nordic heritage, but at vastly greater scale and global reach.
• Tranter (a BWIG group company): Manufacturer of plate heat exchangers, gasketed, welded and brazed designs serving HVAC, district heating, power and process industries. Comparable product set to Aircoil's plate and tube heat exchanger lines.

Regional players

• EVAPCO: US-based global manufacturer of cooling towers, closed-circuit coolers and evaporative condensers, and Aircoil's key supplier partner. While Aircoil is its distributor in the Nordics, EVAPCO competes directly with Aircoil's own assembled heat-exchanger portfolio for the same data-center and industrial customers.
• Aermec: Italian manufacturer of chillers, heat pumps and fan convectors, supplying the FCW, Omnia UL and Omnia Slim fan convectors that Aircoil distributes in the Nordics. Aermec is both a partner and a potential competitive overlap in HVAC terminal-unit categories.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/aircoil-ab

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

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 Aircoil