The TEFCOLD Group acquires Eureka in Germany

“The addition of Eureka to the TEFCOLD Group will strengthen the group and help us strengthen the
presence of the TEFCOLD brand in the important German market.” says TEFCOLD CEO Jesper Kirkeby
Hansen. “We have known Eureka for many years, it is a great company with great people and the
acquisition is an important step in our growth strategy.”

Eureka is based in Emsdetten, has a total of 15 employees in Germany and has its stronghold selling
commercial coolers to large brand owners such as beer and ice cream manufacturers in Germany. It has an
outstanding service set up covering the whole of Germany as well and an unbeaten name in the market.
The Company will change its name to TEFCOLD DE GmbH and will be working out of the offices in
Emsdetten.

“We have decided to sell Eureka for personal reasons but cannot imagine a better owner than TEFCOLD”
States Eureka part owner Eric Thiery. “We have known TEFCOLD for many years and have a very close
relationship to the company and the owners of TEFCOLD. We are certain that Eureka and its employees will
be in good hands in the TEFCOLD family.”

Simon Christensen has been promoted to Managing Director Germany and will head up the management in
TEFCLD DE GmbH. The rest of the Eureka management and staff will stay in the company as of today.

TEFCOLD Group is headquartered in Viborg, Denmark and has 170 employees in 10 countries. TEFCOLD is
selling to more than 6000 customers globally. The supply chain is handled from its 8 warehouses in Europe
with deliveries of more than 170.000 coolers and freezers to around 100 countries globally.

“We are very pleased to add Eureka to our group,” says TEFCOLD Group Chairman and majority owner Mr
Torben L. Christensen. “Acquisitions play an important part of our growth strategy. Finding and being able
to acquire the right companies are critical to our success”.