SWEDEN: Wholesaler Beijer Ref has signed an agreement to acquire 70% of the shares in Condex, a foremost Bulgarian HVAC distributor.
Beijer Ref has an an possibility to purchase the remaining shares in the company which operates from headquarters in Sofia.
Set up in 1993, Condex has an annual turnover of roughly SEK350m (€31m). It is an official importer for Bulgaria of Mitsubishi Heavy Industries air conditioners and Stulz precision air conditioning products.
Condex is explained to have professional really fantastic profitable gross sales progress in recent a long time. A spouse and children-owned organization, it employs 41 folks.
The functions have signed a binding settlement, immediately after which the competitiveness authority in Bulgaria will now assessment the transaction. The takeover is predicted to be concluded this summertime.