Convex supports Thermasolutions sale to Teqnion.
Convex identified and introduced Teqnion AB to the Shareholders of Thermasolutions, a global leader in the design and manufacture of high-quality refrigeration blind systems for the retail industry, which led to the Teqnion acquiring Thermasolutions.
Thermasolutions – www.thermasolutions.co.uk
Teqnion – www.teqnion.se
Teqnion AB is an industrial group that acquires stable niche companies with market leading products and operations within narrow technology niches in a wide range of industries.
Thermasolutions was set up in 2006 to provide solutions which increase the energy efficiency in supermarkets and the retail industry. The company has evolved into the global leader in the design and manufacturing of high-quality refrigeration products for supermarkets, hospitality and restaurants.
Located in Northamptonshire, the company supply both the UK and international markets, with clients ranging from small independent outlets to international brands such as Wholefoods, Tesco, Costco, Co Op and Walmart. Customers repeatedly come back to Thermasolutions due to the level of innovation, service level and proven energy efficiency compared to the competition.
With their own in- house testing facilities, they are UK manufacturers of PET-g doors and patented products such as FSX Blinds® and Chill Lock Systems®.
After almost two decades of building the company, Ken and Mina will hand the responsibility for leadership and continued strategic growth to their son Tanup Patel as the CEO and his existing team. Tanup will remain in his position and lead the existing workforce after the transaction. Tanup commented “I am delighted to continue growing the business at Thermasolutions and to become part of the Teqnion family”.
“The team at Thermasolutions are fantastic when it comes to quality and innovation. Their products are renowned for their impressive energy saving capabilities and their workshop operates with seamless precision. We’re thrilled to collaborate with them and look forward to an exciting future together!” said Johan Steene, CEO of Teqnion.
