Secop
Secop is a global leader in the design and manufacture of hermetic compressors and refrigeration systems in two main business areas: "Stationary Cooling" compressors for food retail, hospitality, medical and specialty applications, and "Mobile Cooling" compressors for cars, commercial vehicles, portable coolers in the residential and medical sectors, and other battery-powered cooling systems.
The Secop Group generates a turnover of approx. € 300m and has approx. 1,300 employees with production sites in Slovakia and China as well as development sites in Germany, Austria, Slovakia, China, and the USA.
- Company Name
SECOP
- Reason for Participation
Carve-out - Conglomerate divesture due to merger control obligations
- Headquarter
Flensburg, Germany
- Date of Acquisition
September 2019
- Industry
Refrigeration
- Status
Advisory project for Orlando Management
- Website
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Refocusing and discontinuation of an unprofitable business unit
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Sustainable growth through innovation and technology leadership in the core business
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Cost optimization through design-to-cost and operational improvement
Value increasing measures
After the change in shareholders, Secop focused on the profitable "Stationary Cooling" and "Mobile Cooling" business areas and disposed of the unprofitable "Household" area. In this context, the production plant in Fürstenfeld, Austria was closed, a production line was transferred to the Slovakian plant and a new development center has been opened in Gleisdorf, Austria.
Through substantial investments in the development of new products and the optimization of the existing product portfolio, Secop's technology and innovation leadership in the core segment could be defended and expanded. In the process, the energy efficiency of the compressors will be further improved and the migration from climate-damaging to green refrigerants will be accelerated.
Additionally, Secop's cost position is constantly improved by design-to-cost measures, optimization of production processes as well as purchasing optimization.