News

BEIJER REF ACQUIRES DELTRON

Sweden-based global refrigeration equipment wholesaler Beijer Ref has acquired 80% of Croatian company Deltron, a distributor of heating, ventilation, and air conditioning (HVAC) systems with an option to acquire the remaining shares.

The company is headquartered in Split and has an annual turnover of SEK 400 million (approx. EUR 39 million), with a good profitability.

Deltron was founded in 1995 and their main business consists of air conditioning equipment for commercial and private use. In 2014, Deltron established a subsidiary in Sarajevo (Bosnia and Herzegovina) that in recent years has experienced strong and profitable sales growth.

Beijer Ref, a world-leading wholesaler of cooling technology and HVAC, already has a minor presence in Croatia and will, through this acquisition, also establish presence in Bosnia and Herzegovina, which is a new market for the group.