Swedish-based Hultsteins is expanding its footprint in the UK market by acquiring Cold Connect, reports WorldCargo News. The buying company is known for its fossil-free solutions for refrigerated truck transport.
Hultsteins’ hydraulic-powered refrigeration units have given it a unique position in a market where diesel-driven units are increasingly being called into question. In the UK, Cold Connect has held a similar position by offering sustainable refrigerated transport powered by electricity or hydraulics instead of diesel. The companies have previously worked closely together and now Hultsteins has acquired Cold Connect.
According to Hultsteins’ CEO Börje Axelsson who was cited by the report, the acquisition of Cold Connect gives the company a solid foundation in a very interesting market. It will also expand its technical knowledge about electricity and hybrid solutions, which means the firm will be well-equipped to meet future refrigerated transport requirements.
In the British market, Hultsteins will build on both companies’ innovative approaches to refrigerated transport.