Chiller

What Chiller does

Chiller Oy is a Finnish HVAC equipment manufacturer specializing in cooling, heating, and precision air-conditioning solutions for commercial, industrial, institutional, and infrastructure customers in the Nordic and Baltic regions. The company designs and factory-manufactures its products in Tuusula, Finland, with a portfolio spanning fan coil units (Box, Grand, Studio, Giant), indoor and outdoor water chillers (NovaCool, Chillquick, Nova-Arctic, FullFLOW DX/VFD, Fullpower EVO), heat pumps with energy-station capabilities (NovaDual, NovaHeat, Chillquick Thermo), air-to-water heat pumps distributed from Rhoss, and precision air conditioners (Smart, Solid, Steady) for close-control applications. Core technology centers on natural refrigerants (R290 with GWP 0.02, R32, R454B), simultaneous heating-and-cooling with energy recycling (NovaDual), and the ServiceNext IoT platform for remote monitoring and lifecycle services. Customer references include Helsinki Airport (Finavia), Metsä Group's Kemi bioproduct mill, New Children's Hospital, Kivis Shopping Mall, Keilalampi office, Hotel Tartu, and Katko Oy manufacturing, spanning infrastructure, industrial process cooling, healthcare, retail, hospitality, and senior living.

Chiller operates a factory-direct, project-based enterprise sales model with custom engineering, the Option Selection Program design tool for HVAC professionals, and local offices in Finland, Sweden, and Estonia. Revenue streams combine custom-manufactured equipment sales (chillers, heat pumps, fan coils, precision AC) with lifecycle professional services including commissioning, maintenance, spare parts, and ServiceNext IoT monitoring. Pricing is project-specific and not publicly disclosed, with multi-year service contracts layering onto equipment installations. Since 2019 Chiller has operated as an independent subsidiary of Koja Group, a family-owned Finnish industrial conglomerate founded in 1935 that reported approximately 130 MEUR in turnover in 2024 across air handling, industrial process fans, and HVAC with operations in Finland, Sweden, Germany, and the USA. Chiller employs approximately 120 people and emphasizes Nordic-climate specialization, factory-tested quality, and natural-refrigerant compliance for tightening EU F-Gas regulation.

Name

Chiller

Legal name

Chiller Oy

Website

https://chiller.eu

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

101–250 employees

Short description

Chiller Oy is a Finnish HVAC manufacturer of water chillers, heat pumps, fan coil units, and precision air conditioning using natural refrigerants, serving commercial, industrial, healthcare, and infrastructure customers across the Nordics and Baltics via factory-direct project sales.

Ownership category

akta.pro rank

Product category

Commercial HVAC Equipment

NAICS

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

Chillers & Cooling Plant Equipment (IMAHAKAE)

akta.pro secondary industries

HVAC Equipment (Heating, Cooling & Air Handling) (IMAHAKAB), Heat Exchangers, Coils & Hydronic HVAC Components (IMADANAF), Chillers, Boilers & Central Plant Operations (BPABACAG), Compressors, Refrigeration Components & Condensing Units (IMADANAG)

Keywords

• HVAC equipment manufacturing
• Industrial water chillers
• Commercial heat pumps
• Fan coil units
• Precision air conditioning

Headquarters

HQ city

Tuusula

HQ country

Finland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. HVAC Equipment Sales: Custom-manufactured heating, cooling, and energy solutions including water chillers, heat pumps, fan coil units, and precision air conditioning. Products are designed and manufactured in Finland to customer specifications
2. Service and Maintenance: Lifecycle services including commissioning, maintenance, spare parts, and remote monitoring through ServiceNext IoT-based solutions

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Chiller Oy designs, manufactures, and sells custom HVAC equipment including water chillers, heat pumps with energy-recycling capability, fan coil units, and precision air conditioners for commercial and industrial buildings. All equipment is factory-built and tested in Finland, with natural refrigerants (R290, R32) integrated as standard. The company supplements equipment sales with lifecycle services covering commissioning, spare parts, preventive maintenance, and the ServiceNext IoT-based remote monitoring service.

Product overview

Chiller is a Finnish HVAC company specializing in cooling and heating solutions for commercial and industrial buildings. The product portfolio is organized into five main categories: (1) Fan coil units (Box, Grand, Studio, Giant) with Vari PRO room controllers and ViralSafe filters for room-level climate control; (2) Water chillers/chilled water stations in indoor (NovaCool 290 i, NovaCool 290, NovaCool 32 i, NovaCool 32, Chillquick Deco, Chillquick Eco, Chillquick Reno, FullFLOW DX|VFD) and outdoor versions (Nova-Arctic 290, Nova-Arctic 32 i, Nova-Arctic 32, Chillquick Deco outdoor, Chillquick Eco outdoor, Fullpower EVO); (3) Heat pumps with energy station capabilities including NovaDual series (NovaDual 290, NovaDual 32) for simultaneous heating/cooling with energy recycling, NovaHeat series (NovaHeat 290 i, NovaHeat 290, NovaHeat 32 i, NovaHeat 32) for building and industrial heating, and Chillquick Thermo for modular high-temperature applications; (4) Air-to-water heat pumps (WinPACK SE|ECO, MidiPACK-I|ECO, EasyPACK ECO, WinPower ECO) for properties distant from district heating networks; and (5) Precision air conditioning (Smart, Solid, Steady) for applications requiring strict temperature and humidity control. The company also offers ServiceNext IoT-based remote monitoring services, Wave Solution design tools that reduce purchased energy by up to 70%, and the Option Selection Program for system sizing. All products are manufactured and factory-tested in Finland, with natural refrigerants (R290, R32) increasingly replacing traditional options to meet environmental regulations.

Differentiator

Problem solved

Functional benefit

Products and services

• Fan coil units (Box, Grand, Studio, Giant) Silent fan coil units designed for ceiling cassette, wall, or concealed installation in hotels, offices, hospitals, and residential buildings; Box offers compact cassette design, Grand targets hotel/residential comfort, Studio integrates with ceiling aesthetics, and Giant provides high-capacity output for large spaces.
• Indoor water chillers (NovaCool, Chillquick, FullFLOW) Factory-manufactured indoor chilled water stations for commercial and industrial cooling; NovaCool 290/32 lines use natural refrigerants with stepless capacity control and four-compressor modulation, Chillquick lines offer modular and renovation-focused configurations, and FullFLOW DX|VFD serves large cooling demands using screw compressor technology.
• Outdoor water chillers (Nova-Arctic, Chillquick, Fullpower EVO) Outdoor air-cooled water chillers engineered for Nordic climate conditions; Nova-Arctic 290 and 32 series use natural refrigerants with four-stage capacity control, outdoor Chillquick models offer modular options with free cooling, and Fullpower EVO provides stepless 25-100% capacity adjustment for large cooling demands.
• Heat pumps (NovaDual, NovaHeat, Chillquick Thermo) Heat pumps for commercial and industrial applications; NovaDual series uniquely combines chiller and heat pump functions to deliver simultaneous heating and cooling with energy recycling, NovaHeat series provides high-output temperatures for building or industrial process heating, and Chillquick Thermo offers modular water/water heat pumps up to +80°C for geothermal or industrial use.
• Air-to-water heat pumps (WinPACK, MidiPACK, EasyPACK, WinPower) Outdoor air-to-water heat pumps for properties distant from district heating networks; WinPACK SE/ECO covers 110-350 kW heating, MidiPACK-I/ECO covers 30-59 kW, EasyPACK ECO covers 75-152 kW, and WinPower ECO provides 350-665 kW stepless heating capacity for large commercial sites.
• Precision air conditioners (Smart, Solid, Steady) Precision air conditioners for close-control applications; Smart cools server rooms and electrical rooms via chilled water networks, Solid uses direct expansion for small-to-medium loads without a chilled water network, and Steady delivers precise indoor air quality for archives, laboratories, museums, and wine cellars.
• Dry Coolers and Condensers Dry coolers and condensers sold as complementary heat-rejection components for Chiller cooling systems.
• ServiceNext IoT remote monitoring service IoT-based remote service combining optimization, documentation, and maintenance into one package with remote monitoring for performance tracking and operation optimization of Chiller equipment across the installed base.
• Commissioning service Professional commissioning service for Chiller-supplied equipment, performed by Chiller's expert team to ensure correct installation, start-up, and performance validation.
• Spare parts supply Spare parts supply service supporting the maintenance and lifecycle operation of installed Chiller HVAC equipment.

Quantifiable outcome

• Energy consumption reduced by 50% at Hotel Tartu after Chiller system installation
• +2 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Koja Group (Koja-Yhtiöt Oy)coreStrategic or Co-development Partner · 1 January 2019Chiller is an independent subsidiary of Koja Group since 2019. Koja Group is a Finnish family company specializing in air handling solutions and industrial process fans. Founded in 1935, with approximately 130 MEUR turnover in 2024 and nearly 500 employees. Chiller forms one part of the group focused on cooling and heating solutions.
• Webropol OyminorOthersExternal service provider for REHTI ethical reporting channel based on EU Whistleblow directive

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Bosch Thermotechnology: European manufacturer of commercial heat pumps, chillers, and HVAC systems under Bosch and Bosch Industrial Heat Pumps brands. Direct overlap on commercial/industrial water chillers and air-source heat pumps; broader portfolio and distribution.
• Trane Technologies: Global manufacturer of commercial and industrial HVAC equipment, including chillers, heat pumps, air handlers, and building automation. Direct overlap on commercial chillers and building HVAC where Chiller competes; scale and brand presence are far larger.
• Daikin Applied: European/global subsidiary of Daikin offering commercial chillers, heat pumps, and air handling units including low-GWP refrigerants. Competes in the same project-based commercial chiller/heat pump category as Chiller with much broader product breadth and global service network.
• Johnson Controls (York / Hitachi HVAC): Global HVAC/chiller manufacturer with York/Chiller-HVAC chillers, heat pumps, and building management systems. Sells directly into commercial and industrial projects competing with Chiller; broader portfolio and global footprint.

Direct peers

• NIBE Energy Systems: Swedish-based manufacturer of heat pumps, chillers, and HVAC equipment for residential and commercial buildings. Most direct Nordic peer to Chiller — same geography, overlapping product portfolio (chillers, air-to-water heat pumps, indoor climate solutions) and similar specialization in cold-climate efficiency.
• Rhoss: Italian manufacturer of chillers, heat pumps, and rooftop units. Directly comparable product line; Rhoss is also already a known partner of Chiller (Rhoss products distributed in Nordics by Chiller) — overlaps on water chillers and air-to-water heat pumps with similar customization model.
• Mitsubishi Electric Hydronics & IT Cooling (formerly RC Group / Climaveneta): Italian-headquartered manufacturer of high-efficiency chillers, heat pumps, and precision cooling for data centers/industrial. Direct product overlap with Chiller's water chillers and precision AC lines, including natural-refrigerant focus.
• Kaukto / Hei-Tech (Kaukto Oy): Finnish HVAC supplier and design partner providing commercial cooling, heating, and ventilation solutions. Same domestic market, project-based GTM, and overlapping customer base in Finland.

Regional players

• Systemair: Swedish-listed manufacturer of ventilation and indoor climate products including air handling units and heating products. Nordic peer with overlap on fan coil units and indoor climate components; larger and publicly listed.
• Swegon: Swedish-based supplier of indoor climate solutions including air handling units, chillers, and energy recovery ventilation. Same Nordic region; product overlap on air-handling and cooling components though more focused on ventilation than chillers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/chiller-oy
• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

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 Chiller