Univenture Capital One Co., Ltd. (UVCAP1) has invested in Intercool Development Co., Ltd. (PIC) with a value of 560 million baht to create investment opportunities through a new business group, supporting stable and sustainable growth.

Mr. Kampon Poonsonnee, the Managing Director of Univenture Public Company Limited or UV, revealed that the board has approved Univenture Capital One Co., Ltd. or UVCAP1, a subsidiary of the Univenture group focused on investing in potential businesses, to invest in Intercool Development Co., Ltd. or PIC for 60% of the total shares, amounting to 560 million baht.

“This investment in PIC represents an opportunity to invest in a business with significant growth potential, as PIC is a manufacturer of commercial refrigeration units for various businesses and industries, with over 30 years of experience in producing commercial refrigeration units. They offer comprehensive design, production, after-sales service, and product development tailored to market demands, such as developing equipment based on the Cloud Kitchen concept (shared kitchen space and equipment for restaurants). The food industry continues to show strong growth trends, aligning with the company's strategy to restructure and balance investments to diversify risks from reliance on primary income from real estate. This will allow the company to recognize revenue and profits from PIC's operations immediately after the investment, with the transaction expected to be completed within Q4/64 (calendar year),” Mr. Kampon stated.

Mr. Kim Tangsirimanakul, a director of Intercool Development Co., Ltd. or PIC, added that partnering with Univenture Capital One Co., Ltd. will bring opportunities to jointly develop important business aspects in producing quality products, both in technology and cost-effectiveness, to create sustainable and strong growth in the future.