SWEDEN/CROATIA: Wholesaler Beijer Ref has obtained 80% of the shares in Croatian HVAC distributor Deltron, with an choice to receive the remaining shares.
Recognized in 1995, Deltron is headquartered in Split, has 110 employees and an yearly turnover of around SEK400m (€39m). It also has a department in Zagreb and a enterprise in Sarajevo, Bosnia and Herzegovina.
Deltron’s main small business is in residential and business air conditioning devices, supplying a selection of makes which include Mitsubishi Electrical, Gree and Climaveneta.
Whilst Beijer Ref by now has a minor existence in Croatia, a existence in Bosnia and Herzegovina is a new marketplace for the team.
Deltron will operate under its have manufacturer and the founders will go on to lead the organization.
“Through this acquisition, Beijer Ref provides a nicely-managed firm with a excellent profitability that gives us a market place-main situation within HVAC in Croatia. In Bosnia and Herzegovina, in which we have not beforehand been recognized, we have also recognized great advancement potentials,” said Beijer Ref CEO Christopher Norbye.