coldex

What coldex does

Coldex Oy is a privately held Finnish industrial refrigeration equipment provider founded in 2002 and headquartered in Hollola, Finland, with an additional office in Helsinki. The company designs, supplies, installs, and maintains commercial and industrial cold storage facilities, freezer rooms, blast chillers, freezing tunnels, plate freezers, fluidized freezers, spiral freezers, ice production equipment, and ATEX-certified explosion-proof water chillers (up to 500 kW cooling capacity). It also offers complementary technologies such as acoustic freezing, cold accumulation systems, and waste heat recovery solutions for energy efficiency.

Coldex serves primarily the food industry, restaurants and large-scale kitchens, and retail, with additional exposure to logistics, pharmaceutical, and industrial manufacturing customers. The company holds ATEX certification for hazardous-environment equipment and received the Suomen Vahvimmat Platina financial stability certification in November 2025. Its primary customers are enterprise accounts; recent publicly disclosed projects include a 2,000 m² cold storage facility for one of Finland's largest Asian restaurant chains and an 825 m² freezer storage facility for a long-standing food industry client with planned future plant expansion.

The business model is project-based and B2B-direct: revenue is generated through hardware sales of refrigeration equipment, turnkey installation services, recurring maintenance contracts (annual and interim inspections plus F-gas leak checks), technical audits, and engineering design services. All solutions are custom-quoted; no standardized public pricing exists. Coldex operates a direct enterprise field sales motion via a small named team (CEO Mikhail Chirkov, Key Account Manager Valeriia Klami, Technical Sales Alex Rikkinen), with an additional cross-border channel via its partnership with St. Petersburg-based Tehnomir for delivery into Northern Russia. The company has no disclosed external funding, parent company, or institutional investors.

Name

coldex

Legal name

Coldex Oy

Website

https://coldex.fi

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Coldex Oy is a Finnish industrial refrigeration provider (founded 2002, Hollola) that designs, supplies, installs, and maintains cold rooms, freezers, ATEX-certified water chillers, and freezing equipment for food industry, restaurant, retail, and industrial enterprise customers across Finland.

Ownership category

akta.pro rank

Product category

Industrial 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

Cold Chain & Temperature-Controlled Storage Equipment (IMAHAKAJ)

Keywords

• Industrial refrigeration equipment
• Cold storage solutions
• Commercial freezing systems
• Refrigeration maintenance services
• Industrial water chillers

Headquarters

HQ city

Hollola

HQ country

Finland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Refrigeration Equipment Sales: Sale of cold storage facilities, refrigeration equipment including cold rooms, freezer rooms, blast chillers, freezing tunnels, plate freezers, fluidized freezers, spiral freezers, ice makers, and water chillers.
2. Installation Services: Complete installation services covering equipment delivery, piping, electrical and automation work, construction and insulation work for refrigeration systems.
3. Maintenance Services: Regular maintenance including annual maintenance (1-2 times/year), interim inspections (every 3-6 months), and leak inspections per F-gas regulation requirements.
4. Technical Audit Services: Comprehensive assessment of refrigeration system condition, energy efficiency, and regulatory compliance including condition analysis, energy optimization, and safety inspections.
5. Design Services: Engineering design for refrigeration systems including needs assessment, cooling solution definition, pipeline and HVAC design, structural and insulation design, and project scheduling.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Coldex Oy designs, supplies, installs, and maintains industrial refrigeration and freezing systems for business customers in Finland. Its core offerings include cold and freezer rooms, blast chillers, spiral/plate/fluidized freezers, freezing tunnels, ice-making equipment, water chillers (including ATEX-certified models), and complementary accessories such as conveyors, cold accumulation, waste heat recovery, and acoustic freezing technology. The company also delivers the engineering design, installation, commissioning, technical auditing, and ongoing maintenance services that accompany these equipment sales.

Product overview

Coldex is an industrial refrigeration equipment provider offering a comprehensive portfolio of cold storage solutions, cooling equipment, accessories, and services. The product range includes modular cold rooms and freezer rooms for food preservation, various freezing technologies (spiral freezers, plate freezers, fluidized freezers, freezing tunnels, blast chillers), ice production equipment, water chillers, and complementary accessories (conveyors, acoustic freezing technology, cold accumulation, waste heat recovery). The company provides end-to-end services including design, installation, technical auditing, and maintenance. The offering is organized around industrial refrigeration systems for food processing, logistics, retail, and restaurant industries, with a focus on energy efficiency and environmental responsibility.

Differentiator

Problem solved

Functional benefit

Products and services

• Cold Rooms (Kylmähuoneet) Modular cold storage rooms assembled from sandwich panels, customized for various applications, conditions, and operational environments; designed for food preservation and other temperature-controlled storage needs.
• Freezer Rooms (Pakastehuoneet)
• Cold and Freezer Warehouses (Kylmä- ja pakastevarastot)
• Blast Chillers and Freezer Rooms (Pikajäähdytyskaapit ja -huoneet)
• Freezing Tunnels (Pakastustunnelit)
• Plate Freezers (Levypakastimet)
• Fluidized Freezers (Leijupakastimet)
• Spiral Freezers (Spiraalipakastimet)
• Ice and Snow Production Equipment (Lumen- ja jääntekolaitteet)
• Water Chillers (Vedenjäähdyttimet)
• Design Services (Suunnittelupalvelut)
• Installation Services (Asennuspalvelut)
• Technical Audit Services (Tekninen auditointi)
• Maintenance Services (Huoltopalvelut)

Quantifiable outcome

• Energy savings through waste heat recovery and cold accumulation systems
• +1 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• TehnomircoreStrategic or Co-development PartnerPartnership with St. Petersburg-based Tehnomir company for design, delivery, and commissioning of ATEX-certified explosion-proof water chiller for demanding industrial use in Northern Russia. Project involved outdoor water chiller meeting ATEX certification requirements.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Others

• BITZER Group: German manufacturer of refrigeration compressors widely used in industrial refrigeration systems. Supplier/adjacent player whose products are commonly integrated into turnkey installations like Coldex's chillers and cold storage facilities.
• Danfoss: Danish global supplier of refrigeration components (compressors, valves, controls) and a major indirect enabler/supplier to Nordic refrigeration contractors. Adjacent rather than directly competitive, but shapes Coldex's component costs and technology roadmap.

Broad incumbents

• Carrier Global: Global HVAC and refrigeration incumbent with commercial/industrial refrigeration and cold chain offerings. Overlaps with Coldex in chillers, cold rooms, and food retail refrigeration, but Carrier operates at significantly larger scale and geographic reach.
• GEA Group: Global large-cap engineering company with a major industrial refrigeration and cold chain equipment portfolio serving food processing, dairy, and beverage customers. Overlaps with Coldex in plate freezers, spiral freezers, and cold storage solutions, but at much greater scale.
• Johnson Controls: Global HVAC and industrial refrigeration incumbent offering chillers, cold storage, and building integration. Competes with Coldex in commercial/industrial refrigeration, especially for larger enterprise accounts in Finland and across Europe.
• Trane Technologies: Global climate solutions major covering HVAC, chillers, and Thermo King refrigerated transport. Competes with Coldex in industrial and commercial cooling, particularly in energy-efficient and sustainable refrigerant solutions.

Direct peers

• Star Refrigeration: UK-based industrial refrigeration contractor specializing in cold storage, process cooling, and natural-refrigerant systems for food, pharma, and industrial customers. Closely comparable in business model (design-install-maintain) and customer verticals.
• Huurre Group: Finnish/Nordic industrial refrigeration specialist offering cold storage, food processing refrigeration, and turnkey solutions. Most direct comparable in the Nordics, competing for the same food industry, retail, and logistics customers as Coldex.
• Mayekawa: Japanese industrial refrigeration and freezing technology provider with strong European presence, specializing in food processing freezers and ammonia/NH3 systems. Comparable in industrial freezing equipment and food-industry focus.

Emerging players

• Güntner Group: German manufacturer specializing in heat exchangers, condensers, and evaporator technology for industrial and commercial refrigeration. Comparable product overlap on the equipment side (cold rooms, cold storage) though focused on components rather than turnkey projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/coldex.oy
• LinkedInlinkedin.com/company/coldex-oy
• Instagraminstagram.com/coldex.oy

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 coldex