Beijer Ref acquires AAD and HVAC Consolidated in Australia
As of today, Beijer Ref has signed an agreement to acquire 51 percent of the shares in the Australian air conditioning company AAD (Australian Airconditioning Distributors Pty Ltd) and HVAC Consolidated (HVAC Consolidated Pty Ltd), with the option to acquire the remaining shares. During the Australian financial year, which ended on 30 June 2022, AAD and HVAC Consolidated had a combined turnover of approximately SEK 800 million with good profitability. Sellers of AAD and HVAC Consolidated, and holders of the remaining 49 percent in each company, are Aircon Concepts Pty Ltd and Coldflow