Winntech

What Winntech does

Winntech AS is a Norwegian limited company founded in 2020 and headquartered in Stord, Norway. It is a wholly-owned subsidiary of Perfect Temperature Group (PTG), which itself sits under Nordic Climate Group (NCG), positioning Winntech as PTG's West Norway competency center for cooling and heating solutions. The firm specializes in environmentally friendly cooling and heating systems built around natural refrigerants — primarily CO2 in transcritical and subcritical configurations, with propane used for selected heat pump installations — and serves offshore/maritime, industrial/commercial, and retail-grocery customers across Norway.

The core product portfolio comprises offshore CO2 cooling systems (including in-house manufactured DX data room cooling machines for platforms and accommodation modules), industrial and commercial cooling and climate systems, store and kiosk CO2 refrigeration packages, and air/water heat pumps ranging from 95 kW to 300 kW. Technology differentiation rests on deep specialization in CO2 as a drop-in alternative to F-gases, in-house DX machine production in Winntech's own workshop, and a recurring service offering bundled into TurnKey project delivery. Notable contracts include deliveries to Coop Extra stores, a 300 kW CO2 heat pump for Vestland Fylkeskommune, a 95 kW propane heat pump at Helsehuset Haugesund, eight heat pumps for Aker Solutions at Bleikjehaugen, and CO2 DX machines for the Jotun A (Vår Energi) offshore platform via Leirvik AS.

Winntech earns revenue through three streams: one-time TurnKey project fees for design, supply, and installation of complete systems; equipment supply including DX machines, refrigeration units and heat pumps; and recurring service and maintenance agreements that include a 2-hour response guarantee for retail customers and 24/7 emergency hotline support. Go-to-market is exclusively direct enterprise field sales across the Norwegian West Coast, with named account leads for the offshore and commercial/climate divisions and additional project and service technicians on a five-person team. Core technology partnerships are with Winns AS (CO2 offshore systems) and Viessmann Refrigeration System AS (retail refrigeration units), with distribution reach amplified through the PTG/NCG consortium.

Name

Winntech

Legal name

Winntech AS

Website

https://winntech.no

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Winntech AS, a Stord-based subsidiary of Perfect Temperature Group, delivers TurnKey CO2-based refrigeration and heat pump systems for offshore, industrial, and retail customers in Western Norway, including in-house DX cooling machines and recurring service agreements.

Ownership category

akta.pro rank

Product category

HVAC and Industrial Refrigeration Services

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), Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures (3430)

akta.pro primary industry

Chillers & Cooling Plant Equipment (IMAHAKAE)

akta.pro secondary industries

Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC), Refrigeration Components & Controls (Compressors, Valves, Sensors) (IMAHAKAH), HVAC & Refrigeration Contracting (IMAFALAB), Heat Exchangers, Coils & Hydronic HVAC Components (IMADANAF)

Keywords

• CO2 cooling systems
• Heat pump installation
• Offshore refrigeration
• Industrial cooling services
• Retail refrigeration systems

Headquarters

HQ city

Stord

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. TurnKey Project Delivery: Complete project delivery including project management, supply, installation of cooling and heating systems. Revenue generated from one-time project fees for design and installation of complete refrigeration and heat pump systems.
2. Service and Maintenance Contracts: Ongoing service and maintenance agreements with 24/7 emergency hotline access. Customers with service agreements receive guaranteed response times and continuous support.
3. Equipment Supply: Supply of cooling equipment including DX machines, refrigeration units, and heat pumps to customers and partners.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Winntech AS designs, supplies, installs, and services environmentally friendly cooling and heating systems using CO2 (and alternatively propane) as the primary refrigerant. The company delivers complete turnkey projects including project management, supply, installation, and 24/7 service and maintenance agreements for offshore/maritime, industrial/commercial, and retail-grocery customers in Norway. They also manufacture DX data room cooling machines in-house for offshore applications.

Product overview

Winntech AS, part of the PTG Group, specializes in complete CO2 cooling and heating system solutions. The company offers a portfolio of integrated products including offshore CO2 cooling systems, industrial/commercial cooling systems, store and kiosk cooling systems, DX machines (data room coolers), and heat pumps. All systems prioritize environmentally friendly refrigerants (primarily CO2, alternatively propane or low-GWP alternatives). The company provides TurnKey delivery services encompassing project management, installation, and 24/7 service/maintenance agreements. Products serve three main market segments: offshore/maritime, industrial/commercial, and retail.

Differentiator

Problem solved

Functional benefit

Products and services

• Offshore CO2 Cooling Systems
• Industrial and Commercial Cooling Systems
• Store and Kiosk Cooling Systems
• DX Machines (Data Room Coolers)
• Heat Pumps
• TurnKey Project Delivery Service

Quantifiable outcome

• 25 years of experience in offshore cooling system deliveries
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core, major and minor.

• Viessmann Refrigeration System AScoreChannel Partner/ Reseller/ DistributorViessmann supplies cooling furniture and refrigeration equipment to Winntech for complete turnkey cooling solutions in retail applications. Winntech acts as integrator and installer while Viessmann provides the manufactured cooling units.
• Winns AScoreTechnology or IntegrationTrondheim-based Winns AS develops and supplies CO2-based cooling technology for offshore applications. Winntech serves as manufacturer and integrator of Winns' cooling machines. This is the 14th CO2 system delivered offshore through this partnership. CEO Guro Solem leads Winns AS.
• Perfect Temperature Group (PTG)coreStrategic or Co-development PartnerPTG (Perfect Temperature Group) is Norway's leading cooling technology competency group. PTG acquired 100% of Winntech shares in 2024, integrating Winntech into the group while management and shareholders reinvested in parent Nordic Climate Group (NCG). PTG CEO Terje Arnesen stated Winntech provides unique competencies strengthening PTG's West Norway position and offshore climate solutions.
• Leirvik ASmajorChannel Partner/ Reseller/ DistributorLeirvik AS is the direct customer for the Jotun A project, providing accommodation modules for offshore. Their Connected LQ concept focuses on environmentally friendly and energy-efficient systems. Winntech delivers CO2-based cooling machines for this project.
• Frosna GroupminorStrategic or Co-development PartnerFrosna Group is listed as a collaboration partner on Winntech's website. Their logo appears alongside Winntech branding indicating a partnership relationship.
• Teknisk Bureau ASminorImplementation/ SI/ Consulting PartnerTeknisk Bureau AS in Haugesund contracted Winntech for heat pump installation at Helsehuset Haugesund. Winntech performed the project work as a subcontractor.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Caverion: Major Nordic technical building services and HVAC contractor with Norwegian operations (Caverion Norge). Overlaps with Winntech on HVAC/refrigeration installation and service across industrial, commercial, and offshore-adjacent facilities, but operates as a broad incumbent rather than a CO2 specialist.
• Carrier Global: Global HVAC and refrigeration OEM with extensive commercial and industrial product lines including CO2-based systems. Comparable in CO2 technology and offshore/industrial refrigeration applications, but at vastly greater scale and global footprint.
• Johnson Controls: Global building technologies and HVAC/refrigeration provider with strong presence in industrial cooling and heat pumps. Overlaps with Winntech on industrial and commercial refrigeration including low-GWP solutions, but with much broader portfolio and global service network.
• Trane Technologies: Global HVAC and refrigeration major with commercial/industrial cooling portfolio including low-GWP and natural-refrigerant offerings. Directly comparable technology and customer overlap, but operates as a multinational incumbent rather than a regional specialist.
• Bravida: Leading Nordic multi-technical installation and service contractor with significant Norwegian operations. Competes with Winntech on HVAC/refrigeration project delivery and service contracts, but at much larger scale and broader scope including electrical and fire safety.
• Viessmann Refrigeration Solutions: Global manufacturer of refrigeration and CO2-based cooling furniture, supplying Winntech for retail projects. Comparable natural-refrigerant technology stack, but operates as an equipment OEM rather than a regional TurnKey integrator like Winntech.

Direct peers

• GK Norge: Norwegian HVAC and refrigeration contractor delivering cooling, heating, and service contracts to commercial, industrial, and retail customers. Closely comparable TurnKey-and-service business model serving the same Norwegian West Coast and broader Norwegian market.
• Therma: Nordic-headquartered specialist in industrial and commercial cooling, heat pumps, and natural-refrigerant systems. Directly comparable to Winntech in CO2-based technology focus and TurnKey project delivery, but with broader Nordic geographic reach.
• Star Refrigeration: UK-based industrial refrigeration specialist delivering CO2 and natural-refrigerant cooling systems with strong service/maintenance contracts. Comparable TurnKey-plus-service model and CO2 technology focus, but focused on the UK market rather than Norway.

Others

• Danfoss: Danish-headquartered supplier of refrigeration components, compressors, and controls including CO2 system solutions. Adjacent comparable through CO2 refrigeration technology, but functions as a component/technology supplier to integrators like Winntech rather than a direct competitor.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/WinnTechAS
• LinkedInlinkedin.com/company/winntechstord

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Winntech