Austrian giant buys refrigeration firmDec 16, 2008
â€œThis is a fantastic deal which recognises the work and reputation of the team here in Buckingham,â€ says John Lougher who was previously managing director of Caravell and will now be AHT Cooling Systemâ€™s UK managing director.
â€œThereâ€™s so much negative news at the moment itâ€™s good to know that a Buckingham-based company has done so well.â€
The new company, AHT Cooling Systems (UK) is based in Buckingham and will supply the catering and hotel trade plus convenience stores with a wide choice of energy-efficient refrigeration products to meet all their cooling needs.â€
The Top Angel office and warehouse on the townâ€™s industrial park will now be AHT Cooling System UKâ€™s head office. Rebranding of the 112,000 square foot site is now complete.
Austrian company AHT is a major player in the commercial refrigeration market. It has integrated Caravell and its â‚¬23 million turnover into its company.
AHT is confident it can gain major synergies in selling its renowned product portfolio via the existing Caravell sales network and fits the AHT plan to double its business turnover in the next five years.