Bitzer acquires Lumikko Oy

Refrigerant compressor manufacturer, Bitzer, has acquired the truck- and trailer-cooling division of Finnish company, Lumikko Oy, who specialise in cooling systems for the transport industry.

“By taking over this division we are creating the conditions from which to become a system supplier in truck and trailer cooling,” said Michael Bauer, Chief Sales and Marketing Officer at Bitzer.

Both companies know each other from joint projects that go back as far as the 1980s. As part of the transaction, Bitzer is buying all of the shares in the transport cooling division and keeping on all 20 of its employees. Kari Saikkonen, son of one of the company’s founders, will become managing director of the new Lumikko Technologies Oy. “Integrating into a globally active company opens up enormous sales potential to us,” he said.

According to Saikkonen, Bitzer’s objective is to become technology leader in the truck- and trailer-cooling market.