Beijer Ref to Acquire 90% of Refra Shares

Beijer Ref Group acquires Refra, a manufacturer of natural refrigerant systems. The deal aims to strengthen Beijer Ref's position in natural refrigerants. Refra will operate independently under existing management. Completion is pending Lithuanian regulatory approval.

Beijer Ref agreed to buy 90% of Refra, a Lithuanian HVAC/R manufacturer, with an option for the remaining stake. Refra has SEK 500M annual turnover and specializes in natural refrigerants. Beijer Ref expects a minor positive impact on its results and sees the deal as strategically important for its OEM portfolio. The transaction is subject to approval from Lithuania's competition authority.

Beijer Ref has agreed to acquire 90% of Lithuanian refrigeration equipment manufacturer Refra, with an option to buy the remaining shares. Refra has an annual turnover of €45m and specializes in natural refrigerants. Beijer Ref COO Jonas Steen called the deal strategically important, expanding its OEM portfolio and customer base.

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