September brings another news to the Refrigerated Transport world as two innovative companies join together for a big goal. Hultsteins, a major player in the cold-chain market are integrating another company Cold Connect in their operations in the United Kingdom. It is notable that both companies are leading in bringing electric vehicles to the market replacing the old diesel technology.
“The acquisition of Cold Connect gives us a solid foundation in a very interesting market, It also expands our technical knowledge about electricity and hybrid solutions, which means that we are well-equipped to meet future refrigerated transport requirements,” said Börje Axelsson, Hultsteins’ CEO.
Previously both the companies were working together in the UK market, but now it seems that Husltsteins wants to make the most of the partnership. The Swedish company Hultsteins says it has been producing fossil-free solutions for refrigerated trucks since the 1960s. In the current era where eco-friendly solutions are rapidly gaining market value, the diesel-driven units are increasingly called into question.
For this reason, the merger can be of great value for both the companies and offer a unique position to hydraulic-powered refrigerated units. “The integration of Cold Connect with Hultsteins was a natural step as the companies have many similarities, not least when it comes to smart solutions that are sustainable for both customers and the environment,” said Stephen Maile, CEO of Cold Connect.
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