Secop Group Holding

What Secop Group Holding does

Secop Group Holding GmbH is a privately held German industrial group headquartered in Flensburg, with more than 65 years of experience (founded circa 1958) in designing and manufacturing compressors and cooling solutions. The operating group is structured through wholly owned subsidiaries Secop GmbH (Germany, commercial operations) and Secop s.r.o. (Slovakia, manufacturing), and the holding has funded its capital structure primarily through bond issuances since July 2021, with active refinancing activity extending into 2026. Secop's product portfolio is organized into three solution categories: Stationary Cooling (food retail, food service, commercial freezers, coolers, and special commercial equipment), Mobile Cooling (DC compressors for automotive, EVs, trucks, recreational vehicles, boats, and portable boxes), and Medical Cooling (medical cold chain, vaccine storage and distribution, ultra-low temperature, and solar-direct-drive applications). Core technology centers on hermetically sealed compressors, variable-speed drive systems, and natural refrigerant (propane/R290) platforms, with newer extensions into heat-pump compressors and a Solar Direct Drive power management module that received WHO PQS prequalification in April 2026.

The company sells through an authorized distributor network supplemented by direct enterprise sales requests and a Where-to-Buy portal, with documented distributors such as Airefrig Australia representing the brand at regional industry exhibitions (e.g., ARBS 2026). Revenue is generated through hardware sales of compressors and cooling units, with Q3-2025 net sales of EUR 62.2m described as in line with the prior year period, Internal Adjusted EBITDA of EUR 6.9m (up from EUR 5.4m), a net loss of EUR -2.0m (improved from EUR -4.5m), and a contribution margin of 26.3%. Geographic markets include Germany, Slovakia, China (notably EV/mobile cooling demand), and Australia/Oceania, with manufacturing concentrated in Slovakia and R&D and corporate functions based in Flensburg. Leadership transitioned in 2026 with Stefan Dzigas appointed CFO effective April 7, 2026, following a January 2026 CFO resignation, and the company carries sustainability credentials including EcoVadis recognition and the German Top 100 Innovator 2023 award.

Name

Secop Group Holding

Legal name

Secop Group Holding GmbH

Website

https://sg-holding.net

Company type

Private

Founded year

1958

Operating status

Operating

Short description

Secop Group Holding is a privately held German manufacturer of compressors and cooling solutions serving stationary commercial refrigeration, mobile/EV cooling, and medical cold-chain end markets, with over 65 years of operating history, manufacturing in Slovakia, and global distribution through authorized partners.

Ownership category

akta.pro rank

Product category

Commercial Refrigeration Compressors

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

Chillers & Cooling Plant Equipment (IMAHAKAE)

akta.pro secondary industry

Automotive Coolant & Refrigerant Circuit Components (Pumps/Valves/Reservoirs/Expansion Devices) (IMACALAE)

Keywords

• Commercial refrigeration compressors
• Hermetic compressor manufacturing
• Mobile cooling solutions
• Medical cold chain
• Natural refrigerant systems

Headquarters

HQ city

Flensburg

HQ country

Germany

HQ region

Europe

Offices2 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. Commercial Refrigeration Products: Secop generates revenue through the sale of compressors and cooling solutions including stationary cooling units for food retail and commercial freezers, mobile cooling for automotive/EV/recreational vehicles, and medical cold-chain refrigeration products. Revenue is derived from product sales with Q3-2025 showing EUR 62.2m net sales.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Secop Group Holding GmbH develops and manufactures high-performance compressors and cooling solutions for light commercial refrigeration (food retail, food service, commercial freezers), mobile refrigeration (automotive, e-cars, trucks, recreational vehicles, boats, portable boxes), and medical cold-chain refrigeration (healthcare facilities, vaccine storage, ultra-low temperature, solar direct driven applications). The portfolio includes hermetic compressors, variable-speed propane (R290) compressors, heat pump compressors, the BD Nano EV DC compressor, and WHO PQS prequalified Solar Direct Drive systems.

Product overview

Secop Group Holding is a commercial refrigeration company with over 65 years of experience, offering a unified portfolio of high-performance cooling solutions. The company's products are organized into three main solution categories: Stationary Cooling Solutions (for food retail, food service, commercial freezers, and coolers), Mobile Cooling Solutions (DC-Compressors for automotive, e-cars, trucks, recreational vehicles, and boats), and Medical Cooling Solutions (for medical cold chain, healthcare facilities, vaccine storage, and ultra-low temperature applications). The product lineup includes hermetic compressors, variable-speed propane compressors (NLV, NLVE, NLE Plus series), heat pump compressors, the BD Nano EV compressor for electric vehicles, and Solar Direct Drive systems with WHO PQS prequalification. Secop positions itself as an expert in green, low energy consumption, and environmentally friendly cooling solutions using natural refrigerants.

Differentiator

Problem solved

Functional benefit

Products and services

• BD Nano EV Compressor DC-Compressor specifically designed for electric vehicle cooling applications, delivering premium cooling performance for automotive EVs.
• NLV and NLVE Variable-Speed Propane Compressors Variable-speed compressors using natural propane (R290) refrigerant for commercial refrigeration, offering energy efficiency through adjustable speed operation.
• Heat Pump Propane Compressors Compressors specifically designed for heat pump applications using propane refrigerant, enabling efficient heating solutions.
• NLE Plus Propane Compressors Enhanced propane compressors with improved efficiency and performance for light commercial refrigeration applications.
• Solar Direct Drive (SDD) System Solar-powered cooling solution with WHO PQS prequalified power management module, enabling off-grid medical cold chain and refrigeration applications in areas without reliable electricity.
• Stationary Cooling Solutions Refrigeration solutions for food retail, food service, commercial freezers, and coolers, and special commercial equipment.
• Mobile Cooling Solutions DC-Compressors for refrigeration designed for automotive, e-cars, trucks, recreational vehicles, boats, and portable boxes.
• Medical Cooling Solutions Compressors and cooling solutions for medical cold chain, healthcare facilities, vaccine storage and distribution, ultra-low temperature, and solar direct driven applications.
• Hermetic Compressors Hermetically sealed compressors for commercial refrigeration applications, providing reliable and efficient cooling performance.
• Condensing Units Condensing units for commercial refrigeration applications, part of Secop's product portfolio.
• AC Compressors Air conditioning compressors for various commercial and light commercial refrigeration applications.

Quantifiable outcome

• Contribution Margin improved to 26.3% in Q3-2025
• +2 more outcomes

Segments3 records

Ideal customer profiles3 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.

• Airefrig AustraliaminorChannel Partner/ Reseller/ Distributor · 1 January 2026Airefrig Australia serves as an official distributor for Secop products in the Australian market, representing the company at industry exhibitions such as ARBS Exhibition 2026. The partnership provides localized sales and distribution coverage for Secop's commercial refrigeration products in Australia.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Embraco (Nidec Global Appliance): Embraco, now part of Nidec, is one of the world's largest manufacturers of hermetic compressors for commercial and residential refrigeration, including variable-speed and natural-refrigerant platforms. It is the most direct competitor to Secop across stationary and mobile compressor end-markets.
• Dometic Group: Dometic is a leading supplier of mobile cooling, refrigeration, and climate solutions for trucks, RVs, boats, and outdoor applications. It directly overlaps with Secop's Mobile Cooling segment (recreational vehicles, trucks, boats).
• Webasto: Webasto supplies thermal management and cooling solutions for automotive, EV, and commercial vehicle applications, including battery and cabin cooling. It is a direct peer in Secop's mobile/EV thermal management segment, particularly for BD Nano EV.
• Bitzer: Bitzer is a global manufacturer of refrigeration and air-conditioning compressors (scroll, screw, reciprocating) and condensing units for commercial and industrial applications. It directly competes with Secop in light commercial and industrial refrigeration.
• Frascold: Frascold is an Italian manufacturer of semi-hermetic and screw compressors for commercial and industrial refrigeration. It directly competes with Secop in the food retail, cold storage, and process cooling segments.
• Tecumseh Products: Tecumseh manufactures hermetic and semi-hermetic compressors for commercial and light commercial refrigeration. It competes with Secop in the same mid-range stationary cooling segment serving food retail and food service OEMs.

Broad incumbents

• Danfoss: Danfoss manufactures refrigeration compressors, condensing units, and a broad portfolio of HVAC/R components and controls. Its commercial compressor line and natural-refrigerant R&D make it a direct competitor in stationary cooling, while its broader portfolio makes it a broad incumbent.
• Copeland (Carrier): Copeland, spun out of Carrier, is one of the largest global manufacturers of commercial and residential refrigeration compressors, including variable-speed and low-GWP platforms. It is a broad incumbent competing with Secop in stationary and light commercial refrigeration.

Emerging players

• B Medical Systems: B Medical Systems manufactures medical cold chain equipment, including vaccine refrigerators and solar direct drive units with WHO PQS prequalification. It is an emerging player in the same medical cold chain segment where Secop sells its WHO PQS-prequalified SDD compressor system.
• Dorin: Dorin is an Italian compressor manufacturer focused on commercial and industrial refrigeration using natural refrigerants (CO2, hydrocarbons). Its R&D emphasis on low-GWP refrigerants makes it a comparable emerging challenger in the R290/natural refrigerant space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 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 Secop Group Holding