OctoFrost AB
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OctoFrost AB - overview
Established
1999
Location
Malmo, -, Sweden
Primary Industry
Industrial Machinery
About
Based in Malmo, Sweden, and founded in 1999 by Ruben Larsson, OctoFrost AB, a. k. a. OctoFrost is a provider of food processing machinery, specializing in thermal treatment processes like blanching, cooking, chilling, and IQF (individual quick freezing).
In August 2024, Viltor AB acquired OctoFrost. OctoFrost provides a range of food processing equipment focused on individual quick freezing (IQF) and thermal treatments. The company’s product lineup includes IQF tunnel freezers, impingement freezers, and complete IQF processing lines. Additionally, the firm offers equipment such as blanchers, chillers, shrimp processing tools, and cooling tunnels that cater to various food types, including berries, vegetables, seafood, meat, poultry, and dairy.
The company also offers support services, ensuring operation and optimal performance of its equipment for global food processors.
Current Investors
Viltor AB
Primary Industry
Industrial Machinery
Sub Industries
Facilities & Maintenance Services, Industrial Machinery
Website
www.octofrost.com
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
OctoFrost AB - financials
| Fiscal Year Ended | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 166,088,109 | 160,016,632 | - | - | - | - |
| % Revenue Growth (YoY) | - | (3.7%) | - | - | - | - |
| EBITDA (USD) | 24,094,642 | 23,100,774 | - | - | - | - |
| Operating Income (USD) | 23,011,209 | 21,998,172 | - | - | - | - |
| Operating Margin | 13.9% | 13.7% | - | - | - | - |
| % EBITDA Margin | 14.5% | 14.4% | - | - | - | - |
| NET Income (USD) | 2,374,886 | 18,261,153 | - | - | - | - |
| % Net Margin | 1.4% | 11.4% | - | - | - | - |
OctoFrost AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, LP Direct | Completed | HiTec Food Systems B.V. | - | ||||||||
| LP Direct | Completed | OctoFrost AB | - | ||||||||
| LP Direct | Completed | OctoFrost AB | - |
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