Beijer Ref acquires Coolair in Germany
Air conditioning is a prioritized growth area and Beijer Ref continues to increase its market share within the air conditioning (HVAC) sector. The growth strategy is further assisted through the acquisition of 60% of the shares in coolair Klimasysteme GmbH (Coolair) with the option to acquire the remaining shares.Coolair is headquartered in Nordhorn, Germany and sells air conditioning products from leading brands such as Toshiba, LG and Beijer Ref’s private label brand, Sinclair. Coolair’s annual sales amount to SEK 100 million with good profitability and over 25 employees. Both parties