Aisberg

What Aisberg does

Aisberg Ltd. is a Ukrainian commercial refrigeration equipment manufacturer founded in 1987, headquartered in Chornomorsk, Odesa region. The company designs and manufactures refrigerated display cases and furniture for retail environments — supermarkets, hypermarkets, delicatessens, and food service establishments — operating from a 17,000 sq.m. manufacturing facility built in 2022 that includes production sites, administrative offices, a technical laboratory, and a transport/warehouse complex strategically located near the Chornomorsk port customs terminal for efficient export logistics.

The product portfolio spans over 300 models organized around 15+ proprietary design lines, including Cube, Diagonal, Medusa, Butterfly, Frigate, Nautilus, Comfort, and Promo, with specialized modifications tailored to product categories such as fresh meat, fish, seafood, dairy, confectionery, chocolate, bakery, pizza, and delicatessen. Notable technical features include double air curtain systems, CO2 refrigerant configurations using Dorin (Italy) compressors and Güntner (Germany) heat exchangers, ultrasonic irrigation systems for fish displays, cross-cooling for meat cabinets, panoramic front glass without brackets, and plug-in autonomous cooling units. Equipment meets European energy efficiency standards, enabling market access into demanding international retail chains.

Aisberg generates revenue primarily through project-based B2B sales of custom-manufactured refrigeration equipment directly to retail chains and supermarket operators, often delivered as turnkey cold supply solutions that include cooling systems, heat recovery, and computer monitoring. The go-to-market is enterprise field sales with deep customization per client. Named enterprise customers include Silpo (20+ year partnership), Varus, Tavria V, Eurospar Ukraine, Epicenter, Carrefour Romania, Panda Saudi Arabia, Sultan Center Kuwait, and Grand Majidi Mall Iraq, with export reach into Ukraine, Romania, Saudi Arabia, Iraq, Kuwait, Kazakhstan, Armenia, Georgia, and Cyprus. Pricing is not publicly disclosed and varies by product line, customization scope, and project complexity. The company is privately held, controlled by the Antonenko family, with Oleg Antonenko as CEO/General Director and Daria Antonenko as COO.

Name

Aisberg

Legal name

Aisberg Ltd.

Website

https://aisberg.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

51–100 employees

Short description

Aisberg Ltd. is a Ukrainian manufacturer of commercial refrigeration display equipment, producing 300+ models across proprietary design lines including Cube, Medusa, Diagonal, and Frigate for retail chains and supermarket operators across Ukraine, Europe, the Middle East, and Central Asia.

Ownership category

akta.pro rank

Product category

Commercial Refrigeration 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)

SIC

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

akta.pro primary industry

Commercial & Industrial Refrigeration Systems (IMAHAKAA)

akta.pro secondary industry

Refrigeration & Cold-Chain Equipment Service (IMAIABAE)

Keywords

• Commercial refrigeration equipment
• Refrigerated display cases
• Supermarket refrigeration systems
• Food retail cooling
• Commercial cold storage

Headquarters

HQ city

Odessa

HQ country

Ukraine

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Commercial Refrigeration Equipment Sales: Sale of commercial refrigeration display equipment including vertical multi-deck refrigerated display cases, island counters, serve-over/del service counters, low-temperature/freezer cabinets, and specialized display cases. Equipment is sold directly to retail chains and supermarket operators. Revenue is project-based with custom specifications per client.
2. Turnkey Refrigeration Systems: Complete cold supply projects including refrigeration equipment, cooling systems, heat exchange equipment, heat recovery systems, and computer monitoring systems. Includes installation design and engineering. Delivered as integrated solutions to retail operators.
3. Custom/Individual Project Manufacturing: Custom manufacturing of refrigeration equipment according to individual client specifications, including specialized modifications for specific product categories, design finishing, and integration with store interior concepts.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Aisberg is a Ukrainian manufacturer of commercial refrigeration display equipment, producing refrigerated display cases (vertical multi-deck, island counters, serve-over counters, freezer cabinets), integrated food service lines, and compressor-condenser units for grocery retailers, supermarkets, hypermarkets, and food service operators. The company manufactures more than 300 equipment models for customers in Ukraine and international markets, with the ability to customize solutions to retailer specifications using components sourced from European suppliers including Dorin, Güntner, and others.

Product overview

Aisberg is a Ukrainian commercial refrigeration equipment manufacturer offering over 300 models of refrigerated display cases and furniture for retail environments. The product portfolio is organized around multiple design lines (Cube, Diagonal, Medusa, Butterfly, Frigate, Promo, Nautilus) with specialized modifications for specific product categories including fresh meat, fish, seafood, dairy, confectionery, chocolate, pizza, and delicatessen. Key design lines include Cube (versatile cubic design), Diagonal (inclined exposition surfaces), Medusa (vertical multidecks), Butterfly (semi-vertical displays), and Frigate (island displays for fresh produce). Products range from serve-over counters and self-service displays to autonomous plug-in units and complete fast-food service lines. The company also supplies compressor-condenser units and centralized cooling systems. Aisberg's equipment serves major retail chains across Ukraine, Europe, Middle East, and Caucasus regions.

Differentiator

Problem solved

Functional benefit

Brands

• Medusa: Vertical refrigerated display cabinets available in multiple modifications including Medusa Cube, Medusa Plug-in, Medusa Meat, Medusa Montenegro, Medusa Comfort, Medusa Slim, and Medusa Gourmet
• Cube
• Diagonal
• Butterfly
• Frigate
• Nautilus
• Comfort
• Promo
• Display
• Bochka
• Caspiy
• Montenegro

Products and services

• Cube design line of refrigeration equipment Self-contained refrigerated display cases in the Cube design line, designed for retail stores.
• Diagonal design line of refrigeration equipment Self-contained refrigerated display cases in the Diagonal design line for retail applications.
• Medusa design line of refrigeration equipment Self-contained refrigerated display cases in the Medusa design line for retail stores.
• Butterfly design line of refrigeration equipment Self-contained refrigerated display cases in the Butterfly design line for retail applications.
• Frigate design line of refrigeration equipment Self-contained refrigerated display cases in the Frigate design line for retail stores.
• Nautilus design line of refrigeration equipment Self-contained refrigerated display cases in the Nautilus design line for retail applications.
• Promo design line of refrigeration equipment Self-contained refrigerated display cases in the Promo design line for retail stores.
• Display line of refrigeration equipment Self-contained refrigerated display cases in the Display line for retail applications.
• Bochka refrigeration equipment Self-contained refrigerated display cases in the Bochka line for retail stores.
• Food Service Lines of refrigeration equipment Refrigerated display and storage equipment for food service operators, restaurants, and grab-and-go retail formats.
• ICE (Compressor-Condenser Units) Self-contained compressor-condenser units for commercial refrigeration applications.

Quantifiable outcome

• 20+ year partnership with Silpo retail chain — ongoing project collaborations since partnership inception
• +3 more outcomes

Named customers14 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

13 partnerships are on record, tiered core and supporting.

• Silpo (Fozzy Group)coreStrategic or Co-development PartnerOver 20-year partnership with Silpo retail chain (part of Fozzy Group). Aisberg has equipped numerous Silpo supermarkets across Ukraine with comprehensive refrigeration solutions. Projects include stores with various themed designs (maritime style Odesa, pumpkin magic Chernihiv, fairy valley, art styles). Equipment ranges from Cube display cases to complete turnkey cold systems including CO2 refrigeration.
• VaruscoreStrategic or Co-development PartnerPartnership with Varus national chain for multiple supermarket openings in Kyiv. Aisberg supplies complete set of refrigeration cabinets with separately developed lines of serial and customized display modifications for each trading area.
• Tavria VcoreStrategic or Co-development PartnerPartnership with Tavria V retail chain. Aisberg developed new Diagonal modification specifically for Tavria V requirements. Multiple stores equipped including flagship Deribasivska Street location with custom designer finishing.
• Goodwill (Georgia)coreStrategic or Co-development PartnerPartnership with Georgian retail chain Goodwill for delicatessen market in Batumi. Custom functional refrigeration solutions with different temperature regimes selected for compact retail space offering full product range.
• Eurospar UkrainecoreStrategic or Co-development PartnerEquipped the largest Eurospar in Ukraine (Boryslav, ~1,000 sq.m) with complete set of refrigeration equipment combining Cube and Diagonal design lines, plus cooling system and heat recovery.
• Carrefour RomaniacoreStrategic or Co-development PartnerAfter four successful projects in Kazakhstan, Armenia, and Georgia, Aisberg equipped two Carrefour supermarkets in Romania. Equipment includes Medusa Cube with double air curtain and Butterfly Cube Slim. Choice based on European energy efficiency compliance.
• Panda (Saudi Arabia)coreStrategic or Co-development PartnerPanda hypermarket opened in Dammam, Saudi Arabia (one of the largest retail operators in Middle East, 205 stores). Aisberg supplied energy-saving Medusa Cube multidecks, gastronomic Cube display cases, and Display low-temperature cabinets.
• Grand Majidi Mall (Iraq)coreStrategic or Co-development PartnerIraq's largest shopping center (Erbil) with 11,000 sq.m hypermarket equipped with Aisberg refrigeration. Custom project combining Cube and Diagonal lines with cooling system designed for Iraq's climate using Dorin compressors and Güntner heat exchangers.
• Sultan Center (Kuwait)coreStrategic or Co-development PartnerFlagship Sultan Center store in Kuwait comprehensively equipped with Aisberg equipment including individual construction and design solutions. Multiple Kuwait projects completed.
• Epicenter (Ukraine)coreStrategic or Co-development PartnerMulti-format Epicenter shopping center in Kyiv with 2,900 sq.m Food Market. Aisberg supplied customized Cube refrigerated counters with Epicenter's author design for fruits, vegetables, and delicacies zones.
• Dorin (Italy)supportingTechnology or IntegrationAisberg uses Dorin compressors from Italy in multi-compressor refrigeration units, particularly for projects in challenging climates like Iraq.
• Güntner (Germany)supportingTechnology or IntegrationGüntner heat exchange equipment from Germany used in Aisberg cooling systems for international projects.
• JDV (Netherlands)supportingStrategic or Co-development PartnerDutch studio JDV developed interior and concept for new Varus supermarkets in Kyiv, with Aisberg supplying full set of refrigeration cabinets.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Frilixa: UK-based manufacturer of commercial refrigerated display cabinets serving supermarkets, convenience, and food service. Comparable in product category and customization capabilities, though more concentrated in UK and Western European retail.
• Freor: Lithuanian manufacturer of commercial refrigerated display cases for retail. Closely comparable in product category (multidecks, island freezers, serve-overs) and in serving supermarket/hypermarket customers across Eastern Europe and CIS — directly competing with Aisberg in overlapping geographies.
• Bonnet Névé: Part of the Epta Group, manufacturing commercial refrigeration for retail and food service. Comparable product portfolio and tier-1 retail customer base; competes with Aisberg for international supermarket rollouts and energy-efficient equipment specifications.
• Tefcold: Danish commercial refrigeration supplier producing display cabinets, multidecks, and serve-overs for retail and food service. Closely comparable product range, with similar export-oriented go-to-market targeting retail chains.
• Costan: Italian-based brand within the Epta Group producing refrigerated display cabinets for supermarkets and hypermarkets. Directly comparable in core product, customization approach, and customer segment; one of the dominant European incumbents Aisberg competes against in EU markets.
• Elcold: Danish commercial refrigeration manufacturer producing display freezers and refrigerators for retail. Comparable in product category and international retail customer base, with overlap in Eastern European and Middle Eastern markets.
• ISA: Italian manufacturer of plug-in and remote refrigerated display cases for retail and food service. Closely comparable product range (vertical multidecks, serve-overs, semi-vertical) and overlapping customer base in supermarkets and convenience retail across Europe and the Middle East.

Broad incumbents

• True Manufacturing: US-based manufacturer of commercial refrigeration including reach-ins and display cases for food retail and food service. Broad incumbent with deep category expertise but primarily North American distribution; relevant as a peer in commercial refrigeration manufacturing.
• Carrier Commercial Refrigeration: Carrier's commercial refrigeration division (formerly Tyler/Icematic) supplies refrigerated cabinets and cold rooms globally to supermarkets and food retail. Overlaps with Aisberg on product category and customer segment but operates at much larger scale with broader geographic reach.
• Hoshizaki: Japanese global manufacturer of commercial refrigeration and food service equipment. Larger, diversified portfolio covering refrigeration, ice machines, and dishwashing with worldwide service network — a benchmark incumbent competing for similar supermarket and food-service customers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Aisberg.Ltd
• LinkedInlinkedin.com/company/aisberg-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Aisberg