We are excited to share that Beijer Ref has entered into an agreement to acquire 80 per cent of the shares in Cool4U, with an option to acquire the remaining shares. Cool4U is a leading HVAC distributor in Hungary, providing solutions for both residential and commercial projects. The company has an annual turnover of approximately SEK 500 million and with good profitability. The parties have signed a binding agreement; however, the transaction needs to be approved by the competition authority in Hungary and an FDI (Foreign Direct Investment) screening will also be carried out as conditions of closing. Follow link for full press release: https://lnkd.in/duZM6Q3f #beijerref #acquisition #hvac #hvacdistributor
Congratulations!🙌
Keep growing!
Commercial freezer sales commissioner
5moExciting times!