Pressrelease

Beijer Ref acquires leading air conditioning company in Spain

Access to the information and documents on this portion of the website is restricted for regulatory reasons. You are requested to review the following information and make the following confirmation each time you seek to access this restricted information. Please note that the terms set out below may be altered or updated and therefore it is important that you review them each time you visit this page. Your confirmation must be true and accurate.

Read the press release
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
A correction of this pressrelease has been posted
Read  pressrelease

Beijer Ref has signed an agreement to acquire 75 per cent of the shares in GIA Group, with an option to acquire the remaining shares. GIA Group is an air conditioning company and one of Spain’s largest distributors with several own strong brands. The turnover during the completed fiscal year 2023 amounted to SEK 1.1 billion with good profitability.

GIA Group was founded in 2000 and has since established itself as a leading entity in Spain in the development of high-performance and innovative air conditioning products. The company provides a professional team that possesses great expertise and has many years of experience in the industry.

GIA Group is headquartered in Barcelona (Spain) and will continue to operate under its own brand, in both distribution and marketing. The acquisition is expected to have a minor positive impact on Beijer Ref’s result. GIA Group employs approximately 100 people.

Christopher Norbye, CEO Beijer Ref, comments:

“We are pleased to welcome GIA Group to the Beijer Ref Group. Their innovative products will be a strong complement to our existing range. The acquisition aligns with Beijer Ref’s overall acquisition strategy and provides us with access to many strong brands in Southern Europe. With GIA Group’s good prospects for continued growth, we look forward to realising significant synergies and further developing the company together with the existing management.”

Malmö, 2 August, 2024
Beijer Ref AB (publ)

For more information, please contact:
Joel Davidsson
CFO
Telephone +46 40-35 89 00
Email jdn@beijerref.com

Niklas Willstrand
Director of Global Communications
Telephone +46 40-35 89 00
Email nwd@beijerref.com

BEIJER REF AB is a technology-oriented trading Group which, through added-value products, offers its customers competitive solutions within refrigeration and climate control. Beijer Ref is one of the largest refrigeration wholesalers in the world, and is represented in 45 countries in Europe, North America, Africa and Asia and Oceania. Website: www.beijerref.com

More news

Sort