Nordic Climate Group Bolsters Dutch Footprint with Ten Have Acquisition
Event summary
- Nordic Climate Group acquires Ten Have Installatie B.V., an Amsterdam-based provider of energy-efficient cooling and heating solutions.
- Ten Have, founded in 2002, serves commercial clients in automotive, retail, and real estate sectors.
- The acquisition expands Nordic Climate Group’s Dutch operations to 14 companies with combined revenues of EUR 100 million annually.
- Founders Frank and Denise ten Have will retain day-to-day management of Ten Have.
The big picture
Nordic Climate Group’s acquisition of Ten Have strengthens its position in the Dutch market, aligning with broader industry trends toward sustainability and energy efficiency. The deal reflects a strategic push to consolidate regional expertise while maintaining local operational agility. With combined Dutch revenues approaching EUR 100 million, Nordic Climate Group is positioning itself as a key player in sustainable HVAC solutions across Northern Europe.
What we're watching
- Integration Challenges
- How Nordic Climate Group will balance Ten Have’s local autonomy with group-wide standardization.
- Market Consolidation
- Whether this acquisition signals further consolidation in the Dutch HVAC services sector.
- Revenue Synergies
- The pace at which Ten Have’s commercial segment can drive incremental growth for Nordic Climate Group.
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